Bernstein sees another leg lower for crypto markets if Clarity Act stalls
CoinDesk·
60-second summary
Bernstein expects another leg lower for crypto markets if the Clarity Act stalls this year, potentially leading to a decline in prices. The broker anticipates U.S. regulators will accelerate rulemaking regardless of the Act's outcome, which could further exacerbate market uncertainty and potentially lead to a significant price drop in the crypto space.
The broker said failure to pass the Clarity Act this year would likely send crypto lower, but expects U.S. regulators to accelerate rulemaking.