Global Stock News

Ric Edelman predicts CLARITY Act may unlock crypto floodgates

Ric Edelman predicts CLARITY Act may unlock crypto floodgates

Ric Edelman has predicted that up to 95% of institutions without crypto exposure could enter the market if the CLARITY Act becomes law.

In a recent interview, Edelman said the disconnect between crypto prices and industry activity has become increasingly noticeable as large financial firms continue expanding their blockchain and tokenization efforts.

While cryptocurrency markets have struggled to maintain momentum amid regulatory uncertainty, Edelman said major Wall Street institutions, including BlackRock, JPMorgan, Morgan Stanley, Franklin Templeton, State Street, Invesco, and Fidelity, continue building products and services tied to digital assets.

“Crypto prices are not reflecting what’s happening in the world of crypto,”…

Source link

Share this article

Scroll to Top