Ross Gerber Says Bitcoin Miners Have Defected to AI — And CLARITY Act Not Passing Is 'Another Fail' for the Largest Crypto

Veteran investor Ross Gerber said on Tuesday that the Senate’s failure to advance the CLARITY Act means another setback for Bitcoin .Will Bitcoin Be Impacted?The key piece of cryptocurrency legislation, as key Democratic negotiators who spent months on the bill voted “No.”Gerber reacted to the failure, saying, “No Clarity. Another fail for Bitcoin. I think all the miners became AI data centers…”He took a swipe at Bitcoin mining companies, suggesting they would redirect their capacity to AI compute rather than pure-play BTC mining. This he’d made that argument.No Clarity. Another fail for Bitcoin. I think all the miners became AI data centers… Will Regulators Fill the Legislative Gap?The Clarity Act sought to establish a federal framework distinguishing digital commodities—subject to CFTC oversight—from securities under SEC jurisdiction.Notably, the SEC clarified last year that proof-of-work mining activities. Bitcoin, as we all know, is the world’s largest proof-of-work blockchain, relying on computational resources to validate transactions.The SEC also issued an interpretation stating that  including non-fungible tokens and dollar-backed stablecoins, aren’t securities. Read Also: Robinhood Employees Charged For Allegedly Using 'Confidential Business Information' to Trade Crypto Futures Bitcoin Mining Vs. AIBernstein analysts have argued that Bitcoin miners have become embedded in AI infrastructure development, collectively controlling more than 27 gigawatts of planned power capacity.A CoinShares report noted that mining revenue is projected to plummet from around 85% of total revenue in early 2025 to less than 20% by the end of 2026 for companies that have secured AI contracts.Several Bitcoin miners, including MARA Holdings Inc. (NASDAQ: MARA), Core Scientific Inc. (NASDAQ:CORZ) and Riot Platforms (NASDAQ: RIOT), have started to provide infrastructure for AI use cases.As for Gerber, he continues to HODL and has no plans to sell his Bitcoin. He told Benzinga that he would start buying more once the next halving—scheduled for April 2028—comes aroundPrice Action: At the time of writing, BTC was exchanging hands at $75,816, down 2.50% in the last 24 hours, according to data from Benzinga Pro. Read Also: Democrats Reject GOP's 'Final' Offer as Bessent Says CLARITY Act Fights 'Evasion' Photo: Hi my name is Jacco on Shutterstock.com