A key US crypto policy bill, the CLARITY Act, is now moving through its final stages in the Senate, with potential action tied to the Senate Banking Committee’s last markup expected in May.

But Morgan Creek Capital CEO Mark Yusko says the legislation—despite broad praise from much of the crypto industry—could actually prolong the current downturn in digital assets.

Bear Market Could Extend Beyond October

In a YouTube interview with Paul Barron published Tuesday, Yusko described the CLARITY Act as “a horrible bill,” warning that if it passes, it would not trigger the bullish shift many investors are hoping for. Instead, he argued that bearish conditions could continue well beyond September and October.

Yusko also questioned the…