Zack Pandle, the head of research at major U.S. asset management firm Grayscale, analyzed the market impact of a potential failure to pass the Clarity Act on the 8th in the latest official research note. He indicated that the cryptocurrency market can progress even without the enactment of the Clarity Act.
Pandle noted, 'Considering the Senate's legislative schedule and the unique political climate of an election year, the likelihood of it passing within this year has decreased,'...