Jefferies warns of crypto market volatility as Clarity Act faces Senate test
The bank said the bill faces major hurdles, with passage boosting institutional crypto adoption and delays prolonging regulatory uncertainty.
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Summary
- Jefferies said the Clarity Act faces a difficult path through the Senate, with shrinking legislative time and unresolved political concerns.
- Passage would unlock the next phase of institutional digital asset adoption, while delays would prolong regulatory uncertainty.
- The bank expects elevated volatility in crypto tokens and blockchain-related equities as the bill’s prospects become clearer.
