J.P. Morgan analysts: The Clarity Act is not completely dead, but the window for passing it by the end of the year is extremely narrow

According to The Block, JPMorgan analysts stated that the Clarity Act is "not completely dead" after failing the procedural vote in the Senate, but the window for passing it before the end of this congressional session is "extremely narrow."

Analysts expect the focus to shift to the rule-making of the SEC and CFTC, noting that the durability of institutional rules is not as strong as laws passed by Congress.