CLARITY Act May Not Pass in 2026, Says Bitwise Analyst
Bitwise head of research Ryan Rasmussen says the CLARITY Act for crypto regulation may not pass in 2026, but that shouldn't halt industry momentum. Bitcoin drops below $60,000.
Key Numbers
In bitcoin's (BTC-USD) latest slump, the cryptocurrency has sunk below $60,000 on Friday. Meanwhile, the CLARITY Act — the Congressional bill for crypto regulation — currently sits on the Senate's schedule for a possible vote before lawmakers' summer recess.
Details of the Bill
The CLARITY Act aims to establish a clear regulatory framework for digital assets in the U.S., focusing on defining digital assets and assigning regulatory responsibilities.
Analyst's View
Ryan Rasmussen, head of research at Bitwise, believes the Act may not pass in 2026. He emphasized that this is "not the end all, be all" for the crypto industry, adding that industry momentum continues regardless of legislation.
Context
The statement comes amid sharp bitcoin volatility, with the cryptocurrency dropping over 10% in the past week. The congressional calendar is also crowded, reducing the likelihood of a vote before recess.
What It Means for Investors
The fate of the bill remains uncertain, but analysts suggest that a lack of clear regulation may increase short-term volatility, while long-term growth remains supported by institutional adoption.
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