US Clarity Act unlikely to be ‘world-shaking’ for Bitcoin’s price: Brandt

Veteran trader Peter Brandt said that the US Clarity Act will be a positive for the industry, but probably won’t “redefine” Bitcoin’s price.

Veteran trader Peter Brandt said the potential passage of the US Clarity Act is unlikely to have a significant impact on Bitcoin’s price, after indications that it could pass Congress as soon as January.

“Is it a world-shaking macro development? Nope. Needed for sure, but not something that should redefine value,” Brandt told Cointelegraph on Friday. “Having an asset regulated, particularly an asset for which die-hard investors never wanted to be regulated, is not an earth-shattering event,” he added.

His comments came after White House crypto and AI czar David Sacks said on Thursday, ”We are closer than ever to passing the landmark crypto market structure legislation.”

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