Grayscale Warns CLARITY Act Failure Could Push Crypto Investment Overseas

Grayscale research head states that while core blockchain operations remain unaffected by legislative gaps, the absence of clear market structure rules may drive new capital and startups to foreign jurisdictions.

Woofun AI reports that Zach Pandl, head of research at Grayscale, indicated that the non-passage of the Digital Asset Market Structure Clarification Act would not immediately disrupt major blockchain operations, Bitcoin's role as a store of value, or stablecoin payment growth. He noted that regulators would likely address gaps through rule-making, but the lack of comprehensive legislation could deter new U.S. investment, prompting industry participants to seek clearer regulatory frameworks abroad. While the U.S. government continues to support the crypto ecosystem, Michael Saylor emphasized the need for regulatory clarity regardless of the bill's outcome.

Meanwhile, Senator Bernie Moreno stated that Senate negotiations between Democrats and Republicans have concluded, with a vote expected to follow.