JP Morgan Predicts Passage of Cryptocurrency Market Structure Bill by Mid-Year

A Positive Catalyst for the Second Half

According to a report by The Block on the 1st, analysts at financial giant JP Morgan suggest that the 'Clarity Act', a cryptocurrency market structure bill currently under discussion in the U.S., could be passed by mid-year. This development is expected to act as a positive catalyst for the cryptocurrency market in the latter half of the year.

The report, led by Managing Director Nikolaos Panigirtzoglou, notes that while the sentiment in the cryptocurrency market continues to be somewhat bearish, the...