Bernstein said that the CLARITY Act’s failure to pass could trigger another leg down for crypto valuations, while accelerating guidance and policy support from agencies such as the SEC and CFTC.

A new Senate Banking Committee minority staff analysis renews Democratic objections that the CLARITY Act preserves pathways for President Donald Trump to

Bernstein expects SEC and CFTC rulemaking to accelerate under Project Crypto if the Clarity Act fails to pass this year.