JPMorgan analyst Nikolaos Panigirtzoglou said recent U.S. regulatory actions partly offset the Senate’s failure to advance the Clarity Act, but political and legal risks remain, BlockBeats reported.
Agency steps may lower near-term barriers
The report said measures led by the SEC, CFTC and OCC could encourage institutional participation in the crypto ecosystem in the short term. It added that only legislation can make the regulatory framework durable, leaving a risk premium in place until a broader market-structure law passes.
Clarity Act timing remains uncertain
Panigirtzoglou said passage this year appeared unlikely and could be delayed until 2027. The report also said the existing measures could be reversed within two years if Democrats win the White House. These are the analyst’s assessments, not established outcomes.