JPMorgan predicted the growth of the crypto market in the second half of the year. What will ensure it?
Wall Street's largest bank has allowed the likelihood of passage of an important law for the industry, which is now on pause
U.S. senators have effectively blocked The Clarity Act, a bill designed to form a regulatory framework for the digital asset market / Photo: Ron Adar/Shutterstock.com
Crypto markets could get a significant boost to growth in the second half of the year despite continued investor pessimism, JPMorgan Chase, the largest US bank by assets, said. That will happen if U.S. lawmakers pass The Clarity Act, a sweeping new digital assets bill, by mid-year, it said.
Details
"If passed, it [the law] will change the structure of the market by providing regulatory clarity, ending 'regulation through coercion,' encouraging tokenization and promoting greater participation by institutional investors," Bloomberg quoted a JPMorgan research note as saying.
The document's progress in the US Congress has stalled due to a conflict between the banking lobby and cryptocurrency exchanges. The Senate turned the discussion of the initiative into a platform for disputes on how to close the legal hole in the GENIUS Act on stablecoins - cryptocurrencies whose quotes are tightly tied to low-volatility assets, mainly the dollar, adopted in the summer of 2025, Bloomberg writes.
Senators will have to find a compromise. As Bloomberg notes, crypto exchanges claim the right to pay investors interest income on stablecoins, and the traditional banking sector fears a large-scale outflow of liquidity from classic deposits.
Context
Until October 2025, the quotes of bitcoin and other cryptocurrencies rose rapidly in the expectation of the loyalty of U.S. President Donald Trump to the crypto-industry. However, then came a prolonged "cryptozyme", during which bitcoin halved in price.
On February 27, the rate of the largest cryptocurrency declined by more than 1% - the price fell below $68,000, and during the day came to $66,641.6. The second largest cryptocurrency by capitalization Ethereum was cheaper by 2.2%.
What the analysts are saying
"Until we see sustained new demand, these kinds of moves [in cryptocurrency rates] will continue," ZeroStack CEO Daniel Reis-Faria said in a Coindesk statement. - We are still in the same trading range as before."
In turn, investment director of Bitwise Asset Management Matt Hougan stated that "cryptozymes end not with hype, but with apathy". According to him, bitcoin is now finding a bottom. "This process will take some time and will be chaotic, [so] new local lows are possible," he warned.
This article was AI-translated and verified by a human editor
