JPMorgan Chase: The crypto market structure bill is expected to be approved by mid-year and become a positive catalyst for the second half of the year.

PANews reported on March 2nd that, according to The Block, JPMorgan analysts stated in a report that the US crypto market structure legislation, the CLARITY Act, may be approved by mid-year and become a positive catalyst for the second half of the year. The bill has already progressed through the House of Representatives and is still under discussion in the Senate, currently facing two major points of contention: stablecoin yields and conflicts of interest among government officials.

Analysts point out that if the bill passes, it will reshape the market structure: providing regulatory clarity, ending "regulation through enforcement," promoting tokenization, and encouraging institutional participation. Analysts list eight potential positive impacts, including reducing the compliance burden on major tokens, supporting innovation in the US market, unlocking secondary trading, allowing traditional banks to directly custody digital assets, promoting the tokenization of real-world assets, protecting open-source developers, providing tax exemption for small-value everyday crypto payments, and promoting the development of tokenized deposits between institutions.