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U.S. Congress (Jesse Hamilton/CoinDesk)

The Clarity Act still faces several legislative hurdles, and disputes over stablecoin yield have emerged as a key sticking point, the bank said.

What to know:

  • JPMorgan said the window for Congress to pass the Clarity Act this year is narrowing as the midterm election calendar tightens.
  • Debate over whether stablecoins can offer yield remains the biggest obstacle, with banks and crypto firms divided on the issue.
  • Restrictions on passive stablecoin yield could drive more capital…

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