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JPMorgan analysts say a long-anticipated U.S. crypto market structure bill could be approved by mid-2026 and act as a major positive catalyst for digital asset markets in the second half of the year. <\/p>\n
\n Summary<\/span>\n <\/p>\n <\/p>\n The report highlights<\/a> that despite subdued sentiment and weak trading volumes across the sector, regulatory clarity from the proposed legislation, commonly referred to as the CLARITY Act<\/a>, could help unlock growth and investment later in 2026.<\/p>\n According to the note, the Clarity Act represents not a marginal tweak but a \u201cstructural transformation<\/a>\u201d of the regulatory environment. JPMorgan outlined three key impacts.<\/p>\n <\/p>\n First, the elimination of \u201cregulation by enforcement\u201d as the default approach to oversight. The bill would clearly divide jurisdiction between the SEC and CFTC, reducing the legal ambiguity that has deterred institutional investors worried about retroactive token reclassification and undefined liability.<\/p>\n Second, clearer rules could convert institutional crypto interest from exploratory allocations into high-conviction positions. The note argues pension funds and asset managers currently testing exposure may scale significantly once regulatory risks are reduced.<\/p>\n\n\n
JPMorgan says Clarity Act may spark second-half crypto upswing<\/h2>\n