What to know:
- CLARITY Act may accelerate institutional adoption of crypto, says Benchmark.
- Legislation could provide regulatory clarity for traditional financial institutions.
- Galaxy Digital and Coinbase well positioned to benefit from institutional adoption wave.
🚨 Breaking News: The CLARITY Act, a long-awaited piece of legislation, could be the key to unlocking the crypto vault for institutional investors. According to a note from Benchmark analyst Mark Palmer, this game-changing act may usher in a wave of institutional adoption for digital assets.
The CLARITY Act aims to establish a clear regulatory framework for digital assets in the U.S., distinguishing cryptocurrencies as either commodities or securities. 📜
In a report published on Monday, Palmer said the legislation could provide long-sought regulatory clarity for traditional financial institutions, including asset managers, hedge funds, and banks, many of which have remained on the sidelines due to legal and compliance uncertainty. 🏦
The current Securities and Exchange Commission (SEC) has a “constructive stance toward crypto,” but the absence of a codified regulatory framework means that the possibility still exists that a future, anti-crypto administration could quickly undo any pro-crypto rules the agency put in place. This vulnerability has made long-term planning difficult for institutional players looking to build out digital asset offerings. 😒
The act, if passed, could eliminate much of that uncertainty, providing a stable foundation for broader industry participation. 🌟
Buy-rated Galaxy Digital and Coinbase are “exceptionally well positioned” to benefit from the increased institutional adoption of crypto that would likely happen once the act is passed, the report added. 🚀
Read More
- Who Is Harley Wallace? The Heartbreaking Truth Behind Bring Her Back’s Dedication
- 50 Ankle Break & Score Sound ID Codes for Basketball Zero
- Lost Sword Tier List & Reroll Guide [RELEASE]
- 100 Most-Watched TV Series of 2024-25 Across Streaming, Broadcast and Cable: ‘Squid Game’ Leads This Season’s Rankers
- 50 Goal Sound ID Codes for Blue Lock Rivals
- KPop Demon Hunters: Real Ages Revealed?!
- The best Easter eggs in Jurassic World Rebirth, including callbacks to Jurassic Park
- Umamusume: Pretty Derby Support Card Tier List [Release]
- Basketball Zero Boombox & Music ID Codes – Roblox
- Come and See
2025-07-14 16:29