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News that the passage of the U.S. cryptocurrency market structure bill (CLARITY), which aims to resolve regulatory uncertainty in the American digital asset market, is imminent has driven market expectations for a massive influx of institutional capital to a peak.
According to cryptocurrency-focused media outlet CoinGape on March 2 (local time), global financial giant JPMorgan said in a recent report that the U.S. cryptocurrency market structure bill is likely to pass Congress by mid-year. Nikolaos Panigirtzoglou, Managing Director at JPMorgan, analyzed that the bill’s passage would mark a turning point fundamentally reshaping the digital asset market. The report projected that once regulatory clarity is secured, traditional financial institutions that had previously hesitated would begin entering the market in earnest.
The core of the U.S. cryptocurrency market structure bill is to clearly define whether digital assets are classified as securities or commodities. Once regulatory authority is delineated between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), digital asset companies will no longer be subject to ambiguous enforcement actions. Panigirtzoglou explained that clear regulatory guidelines would strengthen investor protection while increasing market transparency, leading to more accurate asset valuations.
The bill’s passage is also expected to pave the way for banks to expand into digital asset custody services. If financial institutions, previously constrained by strict accounting guidelines and other limitations, gain a legal foundation to handle digital assets, a highway could open for trillions of dollars in institutional capital to flow into the market. Market participants view this as the final gateway for digital assets to move beyond speculative instruments and establish themselves as core assets within the mainstream financial system.
Price movements of major assets, including Bitcoin (BTC) and XRP, are expected to respond sensitively to these regulatory changes. In particular, XRP may see an opportunity to conclude its long-running legal disputes and accelerate its integration into the institutional framework. Bitcoin could also benefit from additional inflows into spot ETFs driven by improved regulatory stability. Market experts argue that the timing of the bill’s passage will be a key variable in determining whether a broad bull market emerges in the second half of 2026.
Within U.S. political circles, bipartisan consensus on digital asset regulatory legislation is reportedly forming, likely accelerating the bill’s progress. While regulatory establishment may trigger short-term market volatility, it is considered an essential step toward fostering a healthy investment ecosystem in the long term. The digital asset industry expects that by mid-year, the United States will secure a decisive lead in the global competition for digital asset dominance.
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