CLARITY Act Could Be Crypto Market Catalyst in Mid-2026
JPMorgan analysts have identified the CLARITY Act as a potential catalyst for crypto markets in the second half of 2026, even amidst persistent macroeconomic uncertainty.
The bill, which would divide oversight between the Commodity Futures Trading Commission and the Securities and Exchange Commission, aims to provide regulatory clarity by classifying tokens as either digital commodities or securities.
While the House advanced the bill in June, it has since stalled in the Senate Banking Committee due to unresolved issues such as conflicts of interest, limits on exchange incentives, and the scope of obligations for DeFi developers.
The White House has held multiple closed-door meetings between crypto industry representatives and banking groups as negotiations continue. The odds of the CLARITY Act passing in 2026 have fallen to 63%, down from a record high of 82% in late February, according to Polymarket.