Crypto

JPMorgan backs U.S. Clarity Act but warns on regulatory loopholes

JPMorgan publicly backed the U.S. federal digital asset bill known as the Clarity Act, while warning that a loose regulatory framework could revive vulnerabilities that existing financial rules sought to block. In a joint article by Umar Farooq and Peter Muriungi, the bank said regulatory clarity must be paired with durable safeguards. It also flagged risks in market structure, stablecoin incentives and consumer misunderstanding, and called for stronger anti-money laundering and enforcement tools.

Crypto

Clarity bill faces July turning point as U.S. crypto regulation hangs in balance

U.S. Senate Republican leaders are pushing to pass the Clarity bill, a crypto market structure measure, in July. With the Senate in recess until mid-July and an August break looming, lawmakers have about four weeks to act. The bill cleared two committees on party-line votes but faces hurdles on the Senate floor, including the need for some Democratic support. Questions over conflict-of-interest safeguards and President Donald Trump’s signing position add uncertainty.