CLARITY Act Passage Odds Plummet to 37% as Senate Talks Stall

JPMorgan has downgraded its odds of the CLARITY Act passing this year to 37%, citing fading momentum and delays in Senate talks.

The bank warned that the delay could weaken public crypto networks if traditional finance captures more tokenization activity, leading to a greater threat to crypto markets.

Negotiations remain blocked over several issues, including ethics provisions, enforcement powers, DeFi treatment, stablecoin yields, and anti-money laundering rules.

SEC Chair Paul Atkins said the agency can issue crypto market rules if Congress fails to act, but emphasized that a statute would give regulators more stable authority over future market structure and digital asset activity.