JPMorgan Predicts Crypto Market Boost from US Legislation

JPMorgan Chase & Co. has released a research note outlining its expectations for the impact of proposed US market-structure legislation on the crypto market.

The bank predicts that if the bill is passed by mid-year, it will provide regulatory clarity and promote tokenization, leading to increased institutional participation in the market.

This could potentially lead to a significant boost in the crypto market, according to JPMorgan, although sentiment remains sour at present.