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CLARITY Act Failure Could Send Crypto Valuations Lower: Bernstein

CLARITY Act Failure Could Send Crypto Valuations Lower: Bernstein Authored by Zoltan Vardai via CoinTelegraph.com, The odds of the Digital Asset Market Clarity Act’s (CLARITY) passage are dwindling as the US Senate is scheduled to begin summer recess at the end of this week, threatening another leg down for cryptocurrency valuations, according to wealth manager Bernstein. Bernstein said that the Senate’s failure to pass the legislation could trigger an immediate negative “industry knee-jerk reaction,” which may result in another leg down for Bitcoin and the broader crypto market. “From a tactical standpoint, we...
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