Coinbase CEO Brian Armstrong continues to advocate for the Clarity Act, with analysis suggesting its passage could end the crypto bear market by attracting institutional capital to assets li
Coinbase CEO Brian Armstrong continues to advocate for the Clarity Act, which he previously stated was at the "one-yard line." Analysis suggests that while the bill's passage this year has an estimated 30% chance, it is crucial for the crypto market. If passed, the Clarity Act would codify the classification of major crypto assets like Ethereum, XRP, and Solana as digital commodities, providing legal certainty for financial companies. This clarity is expected to act as a "green light" for institutional capital allocators, potentially helping to conclude the crypto bear market within a quarter of its enactment. Conversely, if the bill is delayed or fails to pass, the bear market is predicted to drag on longer, causing recent signs of recovery to fade. The current hurdle for the bill's passage is reportedly related to ethics rules for government officials, rather than its core market struc
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