Veteran trader Peter Brandt has expressed skepticism about the potential impact of the US Digital Asset Market Structure Act, known as the Clarity Act, on Bitcoin prices. Despite expectations that the bill could pass Congress as early as January, Brandt believes it will not significantly affect Bitcoin's market value. However, he acknowledged the bill's importance in providing regulatory clarity for the crypto industry.
Echoing Brandt's sentiment, John Glover, Chief Investment Officer at Ledn, noted that the market has likely already "priced in" the potential effects of the Clarity Act. Both experts agree that while the bill may not move Bitcoin prices, it represents a crucial step in establishing a clearer regulatory framework for digital assets.
Clarity Act Unlikely to Impact Bitcoin Prices, Say Traders
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