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

Planet Daily News: Benchmark analyst Mark Palmer noted in a report that the long-awaited CLARITY Act could change the game rules of the digital asset market and potentially 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 can provide long-sought regulatory clarity for traditional financial institutions, including asset management companies, hedge funds, and banks, many of which have remained on the sidelines due to legal and compliance uncertainties. (CoinDesk)