Congressional Uncertainty Around CLARITY Act
Bernstein research indicates that Congressional failure to pass the CLARITY Act in 2026 could produce another significant decline in crypto valuations. The brokerage simultaneously expects U.S. regulators to accelerate rulemaking efforts independent of legislative action, suggesting regulatory momentum may persist even if Congressional clarity stalls.
The CLARITY Act represents the primary legislative effort to establish comprehensive crypto regulatory frameworks in the current Congress. Its passage or failure has taken on outsized importance as a barometer for institutional confidence in the sector's policy trajectory.
Trump Administration Energy Infrastructure Play
Matt Prusak, a Trump-linked executive leading American Bitcoin—a mining operation backed by Eric Trump—has departed to join Giga Energy, an AI power infrastructure firm. This departure underscores the administration's focus on energy buildout and data center infrastructure as core to crypto sector development rather than regulatory framework alone.
