Jefferies flags crypto volatility risk as Clarity Act heads to Senate vote

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Investment bank Jefferies has issued a warning about potential volatility in cryptocurrency markets as the Clarity Act faces a critical test in the US Senate. The bank highlighted that the bill confronts significant legislative hurdles before it can become law. According to Jefferies, successful passage of the act would likely accelerate institutional adoption of cryptocurrencies. However, any delays in the bill's progress would extend the period of regulatory uncertainty that has long weighed on the crypto sector.

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