JPMorgan's latest report shows that the window for passing the U.S. *Clarity Act* crypto market structure bill this year is narrowing as the midterm elections approach. Although the bill passed the Senate Banking Committee review on May 14, it still requires 60 votes in the full Senate and coordination with House legislation before being signed by the President. The biggest legislative hurdle remains the debate between the banking sector and crypto firms over whether 'stablecoins should be allowed to offer yields.' JPMorgan analysts suggest that if the legislation ultimately restricts passive yields on stablecoins, the trend of idle crypto capital flowing into tokenized treasuries, digital currency market funds, and tokenized deposits is expected to accelerate. (CoinDesk) https://www.(wublock123.com)/news/news-62229