Even if Clarity fails, Wall Street’s crypto push is unlikely to stop

Even if Clarity fails, Wall Street’s crypto push is unlikely to stop

Özet: Kripto piyasasında önemli gelişmeler yaşanıyor.

Wall Street may finally get a clearer crypto rulebook it has spent years waiting for when Washington passes a market structure bill on Tuesday.

But even if it doesn’t, financial institutions are unlikely to stop building in the digital assets business.

The Senate’s expected vote on the Digital Asset Market Clarity Act (CLARITY) could give banks, brokers and asset managers more certainty about how they can trade and build products around digital assets.

While passage could accelerate that work and bring more traditional firms into the market, failure may be less of a roadblock than it once would have been.

“It would be hugely helpful and beneficial to Wall Street adoption of the technology, but it is by no means a necessary predicate,” said Chris Crawford, a digital-assets partner at law firm Fenwick.

Traditional financial firms have already pushed into crypto through exchange-traded funds, tokenization platforms and other digital-asset products despite years of uncertainty over how securities and commodities laws apply.

CLARITY could make those decisions easier, but it would not be starting Wall Street’s adoption from zero.

Crawford said the bill could give firms clearer boundaries on which digital assets are commodities and how they can be traded.

Defining that perimeter could also give firms more certainty about what constitutes digital security when brokers and trading platforms handle these assets.

“You would kind of have much easier processes internally, at any shop that touches crypto in whatever form it is, to understand what is the regulatory framework that applies to us,” Crawford said.

Analiz: Piyasa hareketliliği devam ediyor.