Wall Street Is Now Backing the Clarity Act. Here's the Most Likely Scenario for What Happens Next With Crypto.
Even if there's no clarity on the Clarity Act, Coinbase and Circle could still power higher over the next 12 months.
In recent months, Wall Street has taken a significant interest in the Digital Asset Market Clarity Act, also known as the Clarity Act. Goldman Sachs, a prominent financial institution, recently expressed its support for the legislation. However, the support from Wall Street alone is not sufficient to guarantee the passage of the new law, leaving investors uncertain about the future.
Investors are attempting to determine the next steps and potential outcomes for the crypto market. By examining data from online prediction markets like Kalshi or Polymarket, analysts can create a probability distribution to predict various aspects of the Clarity Act's progress. This distribution includes estimates for the timing of the Senate's vote on the legislation, the number of members of Congress who will back the bill, and the likelihood of the law being signed into law by the White House.
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