In CLARITY Act news today, BlackRock head of digital assets Robert Mitchnick told CNBC on Wednesday that the CLARITY Act is less critical for Bitcoin than for the rest of the crypto market. He said Bitcoin had achieved a level of regulatory acceptance that most other digital assets had not.

His remarks came as US spot Bitcoin exchange-traded funds pulled in $232.1M on Wednesday, extending an eight-day inflow streak to $2.8Bn, according to CoinGlass.

Mitchnick’s comments drew a distinction between Bitcoin and areas such as decentralized finance (DeFi) and other complex crypto categories. For those areas, he said, the regulatory picture remains unsettled.

CLARITY Act News: Where the Bill Stands

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