Clarity Act Surprise Could Catch Crypto Markets Off Guard, Bernstein Says

The Clarity Act may be closer to a Senate breakthrough than crypto markets have priced in, according to Bernstein analysts. The bill’s latest revisions address several Democratic objections, raising the possibility of a positive surprise ahead of a key procedural vote.“We reckon any positive surprise is definitely not priced in,” analysts led by Gautam Chhugani wrote in a client note Monday.The legislation would create federal rules for digital assets while drawing clearer line