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Crypto bill odds fade, JPMorgan warns on institutional adoption

JPMorgan analysts said the Clarity Act would need Senate passage before year end, and weaker odds could weigh on institutional participation.

Reported · Written up by our desk · Regulation

JPMorgan analysts warned that the odds of a proposed crypto bill, the Clarity Act, clearing the Senate before year end have been fading, a development they view as a headwind for crypto markets, according to The Block.

The outlet reported that JPMorgan said the deterioration in legislative momentum could also discourage institutional adoption, particularly in segments of the market where regulated clarity is expected to matter most.

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