Bernstein warns of further crypto decline if CLARITY Act stalls

CIFR -7.28%

1. 1Bernstein said the CLARITY Act's chances of passing are falling as the U.S. Senate heads into its summer recess at the end of this week.
2. 2Bernstein noted that failure of the bill could trigger an immediate negative reaction from the industry, leading to further declines in bitcoin and the crypto market.
3. 3Polymarket's year-end passage probability stands at 27%, down 11 percentage points weekly and 13 percentage points monthly, with related betting volume at roughly $3.7 million.

Source Investor's Business Daily +1 · View original ↗

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