JPMorgan Chase: Negotiations on the CLARITY Act have entered the final stage, with disputes reduced to 2-3 core issues

Mars Finance reports that on April 16, JPMorgan analysts stated that negotiations over the U.S. Cryptocurrency Market Structure Act (the CLARITY Act) have entered the final stage, with both sides reaching compromises on the remaining few contentious issues. Currently, the disputes have been reduced from over a dozen to 2-3 core issues, with discussions on stablecoin rewards “in a good state.” Although banks are concerned about stablecoins offering deposit-like yields, overall there is a bipartisan compromise trend. JPMorgan believes “there is no perfect bill,” and once passed, the bill will provide important regulatory clarity for integrating digital assets into the U.S. financial system. The Cryptocurrency Market Structure Act is currently in advanced negotiations in the U.S. Senate. Senate staff said the draft is “very close” to resolution, but the final text has not yet been published, and no formal vote has been scheduled. Remaining major disagreements focus on stablecoin rewards, DeFi regulation, and token classification. While optimism is rising, due to the influence of the 2026 midterm elections, there is still a risk of delay, and the bill may enter a more uncertain political environment. If ultimately passed, the bill will delineate regulatory authority between the SEC and CFTC, providing a long-term regulatory framework for stablecoins, DeFi, and the entire crypto industry.