In a recent report, JPMorgan analysts stated that the CLARITY Act, the US legislation governing the crypto market structure, is expected to be approved this year and could be a positive factor in the second half of the year. The bill has already made progress in the House of Representatives and is still under consideration in the Senate, involving controversies such as stablecoin yield arrangements and conflicts of interest among government officials. Analysts point out that if the bill passes, it could bring clarity to the regulatory framework, change the existing enforcement-oriented regulatory model, and impact tokenization and institutional participation. The report also lists potential impacts including reducing compliance pressure on major tokens, supporting innovation, promoting secondary trading, allowing banks to custody digital assets, and promoting the tokenization of real-world assets. (TheBlock)