Bernstein warns CLARITY Act failure could speed SEC, CFTC rulemaking

Bernstein reports that the failure of Congress to pass the CLARITY Act could trigger a further decline in crypto valuations. However, this outcome may accelerate rulemaking by the SEC and CFTC. Such regulatory movement could potentially enhance overall market confidence and provide necessary policy support for the industry. Consequently, the lack of legislative progress might paradoxically speed up the process of establishing regulatory clarity through US regulators instead of through the legislative branch.