Experienced trader Peter Brandt recently expressed that the anticipated approval of the US Clarity Act is unlikely to cause a major shift in Bitcoin’s market value, despite reports suggesting it could be passed by Congress as early as January.
“Is this a groundbreaking macroeconomic event? Not really. It’s definitely necessary, but it won’t redefine Bitcoin’s worth,” Brandt shared with Cointelegraph on Friday. He further explained, “Regulating an asset—especially one that hardcore investors preferred to remain unregulated—isn’t a revolutionary occurrence.”
These remarks followed statements from David Sacks, the White House official overseeing crypto and AI policies, who announced on Thursday that “we are closer than ever to enacting landmark legislation for crypto market structure.”
Sacks added, “We anticipate completing this process by January.”
The Clarity Act: Market Impact Already Reflected?
Although Brandt doesn’t view the Clarity Act as a trigger capable of propelling Bitcoin (BTC) back toward its all-time peak of $125,100, he acknowledged its importance for advancing regulatory clarity within the broader cryptocurrency ecosystem. “The act would be beneficial because it would provide much-needed transparency regarding how crypto assets are regulated,” he noted.
Source: David Sacks
Supporting Brandt’s perspective, John Glover—the chief investment officer at Ledn—commented to Cointelegraph that expectations surrounding the Clarity Act have already been incorporated into current market prices.
“I don’t foresee any immediate dramatic effect on markets when this passes,” Glover said. He also mentioned that any positive price movements might take some time to materialize.
“This represents another milestone toward mainstream acceptance of both Bitcoin and Ethereum as viable investment options,” Glover added. “Therefore, I anticipate their prices will gradually trend upward over time.”
Brandt described Bitcoin’s present condition as bearish but suggested that with the introduction of the Clarity Act his pessimism may soften somewhat.
Bitcoin Could Decline Toward $60K by 2026 According to Brandt
“Chart analysis indicates Bitcoin might drop down near $60,000 around Q3 2026,” he predicted. This forecast implies roughly a 31% decrease from its current price near $88,000 at publication time per CoinMarketCap data.
Related: The SEC commissioner highlights how cryptocurrencies prompt reconsideration about privacy regulations
The proposed legislation remains a focal point not only within cryptocurrency circles but also among lawmakers supportive of digital asset regulation reforms.
On December 9th Wyoming Senator Cynthia Lummis—a key member of the Senate Banking Committee known for championing digital asset frameworks—expressed her intent to push forward with advancing this bill soon.
Lummis acknowledged concerns emerging within industry stakeholders due to frequent revisions during bipartisan negotiations stating drafts were being altered almost every few days causing unease among participants.
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