CoinDesk·4 min read·hard
Bernstein sees another leg lower for crypto markets if Clarity Act stalls
W
Will Canny
✦AI Summary
Bernstein analysts warn that the U.S. crypto market could face a short-term decline if the Clarity Act fails to pass before the Senate recess. While the bill is seen as vital for long-term regulatory certainty, analysts suggest that regulatory rulemaking under the current administration may provide some stability regardless.
The broker said in a note on Monday that prospects of the legislation passing have deteriorated as the Senate runs out of time before recess despite resolving contentious issues including stablecoin yield rules.
cryptobusinesseconomy
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