JPMorgan Chase (NYSE: $JPM) says that lingering uncertainty regarding the Clarity Act legislation in Washington, D.C. is holding back the cryptocurrency market. 

Crypto analyst Nikolaos Panigirtzoglou writes in a note to clients that declining odds of the Clarity Act’s passage into law is undermining Bitcoin (CRYPTO: $BTC) and other digital assets.

Panigirtzoglou adds that passage of the Clarity Act is one of the biggest catalysts on the horizon for the cryptocurrency sector.

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