JPMorgan: Crypto's regulatory wins could be erased by 2028 election
- —Clarity Act stalled in the Senate in September and JPMorgan expects no passage this year
- —SEC's tokenized-stock innovation exemption runs five years from September 17
- —GENIUS Act and OCC stablecoin rules take effect January 18, 2027
- —FASB comment period on stablecoins as cash equivalents closes November 19
Why it matters: Without legislation, US crypto rules rest on agency actions that carry elevated political and legal risk premiums for the industry.
Source: Coindoo
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