Global Stock News

Ric Edelman predicts CLARITY Act may unlock crypto floodgates

Ric Edelman predicts CLARITY Act may unlock crypto floodgates

Ric Edelman has predicted that up to 95% of institutions without crypto exposure could enter the market if the CLARITY Act becomes law.

Summary

  • Ric Edelman said up to 95% of institutions without crypto exposure could invest if the CLARITY Act becomes law.
  • Edelman identified regulatory certainty as the main factor preventing larger institutional crypto allocations.
  • The CLARITY Act faces Senate scrutiny as critics raise concerns about anti-money laundering safeguards in DeFi provisions.

In a recent interview, Edelman said the disconnect between crypto prices and industry activity has become increasingly noticeable as large financial firms continue expanding their…

Source link

Share this article

Scroll to Top