Crypto markets face further decline if Clarity Act stalls, Bernstein warns

Brokerage firm Bernstein has cautioned that cryptocurrency markets could see another downturn if the Clarity Act fails to pass in the current year. The warning highlights the significant role U.S. legislative progress plays in shaping crypto market sentiment. Despite the risk, Bernstein expects American regulators to speed up the process of establishing clearer crypto rules. The firm's outlook suggests that regulatory momentum, whether through legislation or accelerated rulemaking, will be a key driver for the sector's direction.