US CLARITY Act, 'countdown' to pass Senate?

US CLARITY Act, 'countdown' to pass Senate?

U.S. Treasury Secretary Scott Bessent said in a recent interview:

“I think the CLARITY Act in the Senate is now at the 1-yard line.”

He said.

The '1 yard line' is an expression in American football that refers to the position right before a score, and is interpreted to mean that the bill is nearing final passage.

The CLARITY Act is a bill that clarifies the regulatory system of the U.S. digital asset market.

✔️ Distinguish between the jurisdictions of the SEC and CFTC ✔️ Establishing clear rules for the digital asset market ✔️ It is expected that it can promote the expansion of market participation by institutional investors.

However, the claim that “billions of dollars will flow into the market if the bill is passed” is only a forecast that reflects market expectations, and there has yet to be an official announcement to prove this.

Nevertheless, if the CLARITY Act is finally passed, there is a possibility that institutional uncertainty in the US cryptocurrency market will be greatly resolved, and the market is evaluating it as a very positive bullish.