Why the Crypto Market Is Bullish… Even Without CLARITY

Managing Editor’s Note: Today, we have a follow-up from senior blockchain analyst Ben Lilly…

Last week, he explained the circumstances that led to the CLARITY Act’s vote being stalled once again, as well as the next critical date for its progress.

But today, Ben explains that while CLARITY’s delay is unfortunate, the market doesn’t hinge on CLARITY’s passage.

And it is still bullish, even without CLARITY. Read on for more from Ben…

The timing of the digital asset market is about to get very interesting…

And it might have nothing to do with what Washington, D.C., does or thinks.

Now don’t get me wrong… It was a major blow not to get a vote on the CLARITY Act before the Senate went on recess. We covered that in What’s Next for the CLARITY Act.

The odds of passage dropped significantly. That’s because the bank lobbyists now have five weeks to sway Senate members before they return to Washington, D.C., to vote on the bill.

These are the same lobbyists who have been very good at delaying the bill since December of last year. They’ll continue to push hard until the yeas and nays are recorded.

But while we wait this period out, two interesting things are happening…

One is simply the normal ebb and flow of the market. The other is that regulators are already picking up the slack.