16 April, JPMorgan analysts stated that negotiations on the US Cryptocurrency Market Structure Law (CLARITY Act) have entered the final stage, and both sides are working towards compromises on several remaining contentious points.

The number of disputes has decreased from more than a dozen to 2-3 key issues, with discussions on stablecoin rewards being "in good shape".
Although banks express concern that stablecoins offer yields similar to deposits, there is an overall trend towards bipartisan compromises.
JPMorgan believes that "there is no perfect law"; once enacted, the law will provide important regulatory clarity for integrating digital assets into the US financial system.
Remaining major disagreements focus on stablecoin rewards, DeFi regulation, and token classification.
While optimism is growing, there is still a risk of delays due to the 2026 midterm elections, which could lead to a more uncertain political environment.
If the law is ultimately passed, it will define regulatory authority between the SEC and CFTC, creating a long-term regulatory framework for stablecoins, DeFi, and the entire cryptocurrency industry.