Bernstein has warned that the US Congress's failure to pass the CLARITY Act may lead to further declines in cryptocurrency valuations. The firm highlighted that without this legislative progress, the crypto market could face increased volatility and downward pressure.
Additionally, Bernstein noted that such a failure could accelerate regulatory actions from US authorities. According to CoinTelegraph, this regulatory tightening may come as US regulators seek to impose clearer frameworks in the absence of congressional guidance.
For Japanese investors, who often monitor US regulatory developments closely, this potential shift in the US crypto landscape could influence global market sentiment and trading strategies across FX and equities linked to digital assets.