JPMorgan analysts predict that the US Cryptocurrency Market Structure Act, CLARITY Act, could be passed before mid-2026, The Block reports. In their view, this would be an important positive signal for the industry, as it would provide much-needed regulatory certainty. The bank’s experts have identified eight key consequences of a possible law.

Among the major innovations is a clear division of tokens into digital goods (under CFTC supervision) and digital securities (under SEC supervision). New projects could attract up to $75 million per year without full SEC registration, moving toward decentralization, which should stimulate innovation and venture investment in the US. Tokens that have achieved sufficient decentralization will be able to shift status from securities to commodities, opening the way for institutional investors.

The bill also introduces clear rules for crypto intermediaries, including requirements for asset registration and custody, and promotes tokenization by leaving tokenized instruments within existing securities legislation.

Miners and developers can get an exemption from brokering reporting, and tax adjustments - to exempt small crypto payments and clarify steakmaking taxation. The new rules may also increase competition between stablecoins and tokenized deposits. It was previously reported that the compromise on the bill was thwarted by the position of the banking lobby.