Benchmark: CLARITY Act May Change the Landscape of Institutional Cryptocurrency Adoption

Benchmark analyst Mark Palmer noted in a report that the long-awaited CLARITY Act could be a game-changer for the digital asset market and could trigger a wave of institutional adoption. The analysis suggests 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 could provide the regulatory clarity that traditional financial institutions have long sought, including asset management companies, hedge funds, and banks, many of which have remained on the sidelines due to legal and compliance uncertainties. (CoinDesk) [Odaily Planet Daily News]