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JPMorgan says CLARITY Act will shape future of crypto market and institutional inflows
JPMorgan believes the future trajectory of digital assets depends less on technical charts and more on decisions made in Washington. In a recent research note, the bank said U.S. market structure legislation could become the key driver of a sustained crypto recovery before year end. According to Bloomberg, citing JPMorgan analysts, passage of comprehensive legislation could shift the stance of large investors as early as the second half of the year. The bank emphasized that the issue is not short term price momentum or macroeconomic conditions, but the removal of legal uncertainty. JPMorgan said that if Congress ... (full story)
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