Bernstein sees another leg lower for crypto markets if Clarity Act stalls
The broker said failure to pass the Clarity Act this year would likely send crypto lower, but expects U.S. regulators to accelerate rulemaking.
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Summary
- Bernstein said in a note Monday that failure to pass the Clarity Act would likely weigh on bitcoin and crypto markets in the near term.
- The broker expects the SEC and CFTC to accelerate rulemaking under Project Crypto, even without legislation.
- Regulatory clarity remains critical for bringing crypto innovation, tokenization and traditional financial institutions onshore.
