In the midst of the CALRITY Act’s approval, Zach Pandl, Head of Research at Grayscale, contends that the US crypto industry can still expand even if the Act is not passed into law in 2026.

He bases this on the idea that significant portions of the crypto ecosystem are already operating without extensive market-structure legislation. 

In practice, CLARITY’s failure ‘won’t have an immediate impact’ on the crypto market. This is because stablecoins would still have the ability to be used as payment methods, and Bitcoin would continue to function as a store of value.

He said, 

The legislation would have provided a more comprehensive rulebook for digital assets in the US, but the industry has moved forward for almost 17…