Key Insights:

• CLARITY Act talks have narrowed to 2-3 unresolved issues, and JPMorgan says a final breakthrough is close.
• The bill would split crypto oversight between the SEC and CFTC and define rules for stablecoins and DeFi.
• Stablecoin rewards and DeFi oversight remain unresolved, while election timing could still delay the bill’s passage.

Recent crypto news has turned to Washington as JPMorgan said negotiations around the CLARITY Act are nearing a breakthrough. The bank reported that lawmakers and regulators have narrowed the list of disputed items to only a few points.

The proposed bill would set a clearer legal framework for digital assets in the United States. It would also define how oversight is shared between the…