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Wall Street Is Now Backing the Clarity Act. Here’s the Most Likely Scenario for What Happens Next With Crypto.

Wall Street Is Now Backing the Clarity Act. Here’s the Most Likely Scenario for What Happens Next With Crypto.

Lately, it’s been all-hands-on-deck as the crypto industry attempts to push through a comprehensive piece of new legislation called the Digital Asset Market Clarity Act (Clarity Act). The newest recruit to the crypto cause is Wall Street bank Goldman Sachs (NYSE: GS), which recently voiced its support for the legislation.

The only problem is that even the support of Wall Street doesn’t guarantee passage of the new legislation. That makes things dicey for investors, as they attempt to read the tea leaves and determine what exactly will happen next. With that in mind, here’s a look at the most likely scenario going forward and what it might mean for crypto stocks.

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