Senate Delays Weaken Clarity Act Prospects, JPMorgan Warns

TLDR JPMorgan warned that fading Clarity Act approval odds could weaken the crypto market outlook. Prediction markets place the chance of Senate passage before year-end at only 37%. Negotiations remain stalled over DeFi, stablecoin yield, ethics, enforcement, and anti-money laundering rules. The bill would divide digital asset oversight between the SEC and CFTC. JPMorgan said [...]

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