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JPMorgan CEO warns: If stablecoins can pay interest similar to deposits, they may eventually "explode"
The "CLARITY Act" aims to clarify the regulatory framework for the U.S. crypto industry and delineate the responsibilities of regulatory agencies. Previously, Patrick Witt, Executive Director of the U.S. Digital Asset Advisory Committee, said that the Trump administration planned to push the bill through before July 4. However, data from Polymarket shows that the probability of the "CLARITY Act" passing by 2026 has fallen from nearly 70% to just over 50%.