Grayscale Says Crypto Can Advance Without CLARITY Act

Grayscale Head of Research Zach Pandl said the crypto industry can keep moving forward even if the CLARITY Act fails to pass this year. According to BeInCrypto, Pandl said the sector operated for roughly 17 years without comprehensive US market structure rules and that the SEC and other regulators can fill gaps through rulemaking, including on tokenized securities.He said CLARITY’s failure would not immediately affect major blockchains, Bitcoin demand as a store of value, or stablecoin payments. He also warned that some investment and developer activity could drift overseas if the US lacks clear rules at home.