Grayscale: CLARITY Act's Failure May Drive Crypto Investment Overseas

Grayscale's research director, Zach Pandl, stated that the failure of the Digital Asset Market Structure Clarification Act (CLARITY Act) will not immediately impact the operation of major blockchains, the demand for Bitcoin as a store of value, or the growth of stablecoin payments. Regulatory agencies will fill the regulatory gaps through rule-making. He pointed out that the lack of comprehensive market structure legislation could suppress new investment activities in the U.S., prompting participants in the crypto industry and startups to turn to overseas jurisdictions with clearer regulatory frameworks. The U.S. government will continue to support the development of the crypto ecosystem. Michael Saylor, co-founder and executive chairman of Strategy, stated that regardless of whether the CLARITY Act passes, Bitcoin will continue to evolve, but the U.S. needs clarity in digital asset regulation. Senator Bernie Moreno mentioned that Senate Democrats and Republicans have concluded their negotiations on the matter, and a vote will follow.

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