Veteran trader Peter Brandt believes that the anticipated US Clarity Act is unlikely to dramatically impact Bitcoin prices, even though it is expected to be beneficial for the crypto industry. He mentioned this perspective in an interview, stating:

“Is it a world-shaking macro development? Nope. Needed for sure, but not something that should redefine value.”
His remarks came in light of David Sacks, who oversees cryptocurrency and AI initiatives at the White House, expressing optimism about the bill’s progress, with intentions to finalize it in January.
Brandt does not foresee the Clarity Act as a major driver for Bitcoin’s value recovery, suggesting that the effects of the act have already been incorporated into market expectations.
In a similar vein, John Glover, Ledn’s CIO, added that the passing of the act might not result in immediate market shifts, although it represents progress in legitimatizing Bitcoin and ETH as investment options.
Brandt further noted that Bitcoin could see a decline to around $60,000 by late 2026, which would reflect significant volatility from its current price.
Senator Cynthia Lummis, actively involved in pro-crypto legislation, also reinforced the importance of advancing the bill, which is crucial for regulatory clarity in crypto.