Coinbase: US CLARITY Act still dey on track despite delays — market-structure bill fit pass for 2026
John D’Agostino wey dey head strategy for Coinbase Institutional talk say the U.S. Digital Asset Market CLARITY Act still dey on course despite say lawmaking don delay, and e talk say because the law big and complex e go need longer time pass smaller bills like the GENIUS stablecoin bill. The CLARITY Act na broad market structure proposal wey go set one unified asset classification, clear SEC/CFTC/banking jurisdiction, and create standards for custody, trading venues and consumer protection across many asset classes (from Bitcoin to tokenized securities). D’Agostino mention international moves (EU MiCA, UAE frameworks) and say crypto talent dey move comot as extra political pressure wey fit make pass more likely by 2026. Delays don already affect flows: CoinShares report about $952m outflows for the week to Dec 19, and dem talk say part of the drop na because of regulatory uncertainty. Market studies wey dem mention before project big potential institutional inflows (40–60% rise within three years after implementation) once clarity show, although analysts expect say the rollout go happen in phases over many years and go include agency rulemakings. Trader comment (Peter Brandt) say the law important for long-term market health but e no likely to cause immediate big BTC price move. Traders suppose watch legislative committee signals, timing updates, and enforcement/jurisdiction details — these ones go affect liquidity, institutional allocation decisions and the uncertainty premium wey dey priced into crypto assets.
Neutral
Di tori tok say di news get beta chance say regulators go make things clear, wey good for crypto market structure and long-term demand from big institutions — na bullish fundamental for assets like BTC for medium term. But di talk and di data show say dem dey delay, dem go do am for phases wey fit take many years, and e no too likely say price go sharply move quick. Recent reports of outflows wey relate to regulatory uncertainty show short-term selling pressure still fit happen. Key short-term factors (committee votes, timeline signals, specific custody and enforcement rules) dey create uncertainty wey dey dampen immediate bullish reaction. So likely market effect na neutral: good for long-term institutional adoption and liquidity but no be immediate trigger for big price rise.