JPMorgan Sees Crypto Boost If Market-Structure Bill Passes

Crypto markets may get a meaningful lift in the second half of the year if US lawmakers approve sweeping market-structure legislation by midyear, even as sentiment remains sour, JPMorgan Chase & Co. said.

“If passed it will reshape market structure by providing regulatory clarity, ending ‘regulation by enforcement,’ promoting tokenization, and facilitating greater institutional participation,” the bank said in a research note.

The Clarity Act, which has passed the House, is part of a broader push in Congress to create a comprehensive regulatory framework for digital assets. The bill has moved more slowly in the Senate amid disagreements, as lawmakers ...