JP Morgan Chase (NYSE:JPM) analysts see negotiations around the proposed CLARITY Act moving closer to resolution, as lawmakers and regulators in Washington intensify efforts to settle key disputes in digital asset regulation.
Key Issues In Focus
The CLARITY Act is designed to define how cryptocurrencies are regulated in U.S., including how authority is split between the SEC and the CFTC. It also aims to establish clearer rules for stablecoins and decentralized finance platforms, CoinDesk reported on Thursday.
According to JPMorgan’s analysis, ongoing discussions are centered on two major areas: DeFi …