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JPMorgan Sees Crypto Gains Despite Clarity Act Delay
JPMorgan Chase analysts led by Nikolaos Panigirtzoglou expect the Clarity Act to remain stalled until 2027, prolonging uncertainty over industry rules. The Securities and Exchange Commission introduced a five-year exemption for tokenized stocks, while the Commodity Futures Trading Commission is exploring ways to expand leveraged crypto trading. JPMorgan expects these initiatives to take time, potentially extending into 2027.