# Policy:

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#Policy: JPMorgan Says the CLARITY Act May Pass by Mid-Year, a Potential H2 Catalyst
Regulatory clarity could be coming sooner than expected. In a fresh research note, JPMorgan analysts (led by Nikolaos Panigirtzoglou) highlight that the CLARITY Act — the long-awaited U.S. market structure bill for digital assets — has strong momentum and could pass by mid-2026.
This legislation aims to end "regulation by enforcement," clearly divide oversight between the SEC and CFTC, ease compliance for certain tokens, boost institutional participation, and accelerate tokenization. JPMorgan calls it a "posit
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