- Bernstein said the digital-asset market, including Bitcoin, could face further declines if the Clarity Act fails to pass this year.
- The bank said the digital-asset market would react negatively immediately if the bill fails, though the impact could be temporary as the SEC and CFTC move to craft related rules.
- Bernstein added that the current downturn in the digital-asset market could end in late third quarter or early fourth quarter, and that additional policy support from the White House could help drive a rebound.
Forecast Trend Report by Period
Bitcoin and the broader digital-asset market could face further declines if the Clarity Act, a US crypto market-structure bill,…
