CLARITY Act Negotiations Near Breakthrough as JPMorgan Sees Progress

The CLARITY Act is a proposed bill aimed at setting clear rules for digital asset regulation in the United States. Negotiations around the bill have been ongoing, with JPMorgan reporting that lawmakers are close to a breakthrough. According to the bank, officials involved in the talks have narrowed down the list of disputed points to only two or three issues.

The bill would split crypto oversight between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). This division has been a major issue in US crypto policy. The CLARITY Act would also define rules for stablecoins, decentralized finance (DeFi) platforms, and token classification.

Stablecoin rewards have been a contentious topic, with banks opposing the idea of offering reward-like returns to users. However, recent proposals could gain support from both crypto firms and traditional financial institutions. The use of stablecoins in payments, trading, and settlement has made them a central part of digital asset markets.

Despite progress being reported, the bill still faces timing questions. Congress has not scheduled a formal vote, and the final legislative language is still pending. The 2026 midterm elections could affect the path forward, with Democrats potentially regaining control of the House of Representatives.