Analysis: Even if the CLARITY Act fails to pass, Wall Street's crypto business expansion will not stop

Odaily News: Multiple industry insiders believe that even if the CLARITY Act fails to pass, the trend of traditional U.S. financial institutions entering the crypto and digital asset markets is unlikely to stop. A failed bill is more likely to slow down adoption rather than reverse the process.

Brian Vieten, Senior Research Analyst at Siebert Financial, stated that the passage of the CLARITY Act would provide a clearer "green light" for U.S. financial institutions to accelerate blockchain investments, launch tokenized products, and pursue related M&A. However, if the bill fails, some institutions may instead take advantage of the current relatively friendly regulatory environment to accelerate product launches and tokenization businesses originally planned for 2027 to 2028.

Ryan Rasmussen, Research Analyst at Bitwise, stated that the uncertainty surrounding the CLARITY Act is not the main factor currently hindering professional investors from allocating to crypto assets. Institutions that have already included Bitcoin in their portfolios will not withdraw their allocations solely because the bill did not pass. (CoinDesk)