Bernstein warns of further crypto decline if CLARITY Act stalls
COIN Coinbase Global Inc
$150.73 +2.89%
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- 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.
- 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.
- 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.
This 3-line summary is compiled from the report below.
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