Clarity Act 'very close' to passing as JPMorgan eyes crypto…

Coinbase's Chief Policy Officer says the Clarity Act is "very close" to passing, a signal that the US crypto regulatory framework may finally be taking shape after years of legislative gridlock. The remarks are notable not just for their timing but for what they reveal about industry momentum: major traditional finance players are now actively positioning for entry.

Why it matters

The Clarity Act is designed to draw a cleaner jurisdictional line between the SEC and CFTC over digital assets — the single biggest structural ambiguity that has kept institutional capital on the sidelines. If it passes, it would give banks, asset managers, and broker-dealers a legal foundation to build crypto products without fear of retroactive enforcement action. JPMorgan's reported interest in entering the sector is a direct downstream consequence of that regulatory visibility.

Market impact

A Clarity Act passage would be one of the most consequential regulatory events for US crypto markets since the spot BTC ETF approvals. Traditional bank involvement at JPMorgan's scale would unlock new custody, lending, and structured-product flows into the asset class. Coinbase, as the dominant US-regulated exchange, stands to be a primary beneficiary of any surge in institutional onboarding that follows.