Coinbase executive John D'Agostino recently stated in an interview with CNBC that the slow progress of the "Digital Asset Market Clarity Act" (CLARITY Act) is "understandable" because it is foundational legislation for the crypto market structure, with a complexity higher than the already passed stablecoin bill, the "GENIUS Act." He believes that global regulatory developments and the pressure of talent outflow from the US may push the bill through by 2026; however, market participants point out that its passage may have limited direct impact on Bitcoin prices. (cointelegraph)
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Coinbase executive John D'Agostino recently stated in an interview with CNBC that the slow progress of the "Digital Asset Market Clarity Act" (CLARITY Act) is "understandable" because it is foundational legislation for the crypto market structure, with a complexity higher than the already passed stablecoin bill, the "GENIUS Act." He believes that global regulatory developments and the pressure of talent outflow from the US may push the bill through by 2026; however, market participants point out that its passage may have limited direct impact on Bitcoin prices. (cointelegraph)