Warren no dey gree CLARITY Act, e dey shape crypto market structure
Senator Elizabeth Warren don signal say she go oppose the bipartisan CLARITY Act when Senate come back after Labor Day. Even though she support strong crypto regulation, Warren warn say industry-made rules fit cause corruption and make elected people fit trade digital assets. The CLARITY Act wey House pass for July want make SEC and CFTC get clear power over tokens and also build proper market setup for digital assets. For early September, Senate Banking Committee go vote on the bill, and maybe change am to control big cryptocurrencies, stablecoins and CBDCs well. Plus, Congress don approve GENIUS Act to control stablecoins and stop US CBDC development, while White House task force talk say make dem clear how tokens go be classified to join SEC and CFTC work and protect investors. Traders suppose dey watch Senate talk on CLARITY Act, because changes fit affect how money dey flow, cost to comply and price change for digital assets.
Bearish
Senator Warren opposition to di CLARITY Act dey introduce regulatory uncertainty just as traders dey expect clearer crypto market structure. For short-term, dis fit make volatility increase and price go drop as market people dey prepare for amended rules and possible delays. Long-term impact go depend on di final form of oversight: if oversight balance well, e fit restore confidence, but di current resistance fit make sentiment dey cautious and e go limit bullish momentum.