Benchmark: The CLARITY Act may change the landscape of institutional cryptocurrency adoption

Odaily News Benchmark analyst Mark Palmer pointed out in a report that the long-awaited CLARITY Act may change the rules of the game in the digital asset market and may trigger a wave of institutional adoption. The analysis believes that the CLARITY Act aims to establish a clear regulatory framework for digital assets in the United States, distinguishing cryptocurrencies as commodities or securities. This legislation can provide long-sought regulatory clarity for traditional financial institutions, including asset management companies, hedge funds and banks, many of which remain on the sidelines due to legal and compliance uncertainties. (CoinDesk)