Bernstein warns that failure to pass the CLARITY Act before Senate recess could trigger a crypto selloff, though Project Crypto rule-making may

Despite Trump’s promise to make the U.S. “the crypto capital of the planet,” a foundational bill establishing road rules remains seven votes short in the Senate with days left…

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