The Clarity Act still faces several legislative hurdles, and disputes over stablecoin yield have emerged as a key sticking point, the bank said. JPMorgan said the window for Congress to pass the Clarity Act this year is narrowing as the midterm election calendar tightens. Debate over whether stablecoins can offer yield remains the biggest obstacle, with banks and crypto firms divided on the issue. Restrictions on passive stablecoin yield could drive more capital toward tokenized Treasuries, mon…
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