The Clarity Act Is "Close To Completion" Says Jp Morgan.

Banking giant JPMorgan has said the controversial CLARITY Act is nearing the finish line, according to a report by CoinDesk.

A policy official cited in the report said the number of outstanding issues still under discussion has been reduced from as many as 12 down to just two or three, adding that the legislation is now "in a good place."

The CLARITY Act, which aims to establish a regulatory framework for digital assets in the United States, has stalled on several occasions. A key sticking point has reportedly been whether stablecoin issuers should be permitted to offer yield-bearing returns on idle balances, a provision that has drawn significant opposition from parts of the traditional banking sector.

With fewer unresolved issues remaining, the latest signals from JPMorgan suggest momentum may finally be building toward a final text.