Veteran trader Peter Brandt has shared his insights on the US Clarity Act, suggesting that while it may be beneficial for the crypto industry, it is unlikely to drastically alter Bitcoin's price trajectory. With the potential for the Clarity Act to be passed by Congress as soon as January, Brandt remarked, “Is it a world-shaking macro development? Nope. Needed for sure, but not something that should redefine value.” His perspective indicates a cautious optimism regarding the regulatory framework for cryptocurrencies. He emphasized that the regulation of an asset, especially one that many investors prefer to keep under the radar, isn’t necessarily groundbreaking. Brandt's comments arrive in light of recent remarks from White House crypto and AI czar David Sacks, who stated that the nation is closer than ever to finalizing this critical piece of legislation. Sacks expressed his anticipation for bringing the Clarity Act to fruition in January, highlighting the urgency and importance of establishing a clearer regulatory environment for crypto assets.

Furthermore, Brandt's viewpoint resonates with sentiments shared by Ledn’s chief investment officer, John Glover. Glover noted that the market might have already absorbed the implications of the Clarity Act, suggesting it has been “priced into the market.” He pointed out that any immediate market reactions on the day of the Act’s passage are unlikely to be significant. Instead, Glover anticipates a gradual increase in the acceptance of Bitcoin and Ethereum as credible investment assets, suggesting a long-term upward trajectory for their prices.

Brandt, however, remains realistic about the current state of Bitcoin, asserting that it is still in a bear market. He predicts that Bitcoin could dip to around $60,000 by 2026, reflecting a 31% decline from its current valuation of approximately $88,000. This projection adds a layer of caution for investors hoping for a swift recovery in Bitcoin’s value. “The charts suggest that Bitcoin could trade down to the $60k level, likely in Q3 of 2026,” Brandt explained, indicating that despite the potential positive impacts of the Clarity Act, the market may still experience setbacks.

In addition to Brandt and Glover, pro-crypto lawmakers are also keeping a close eye on the Clarity Act. Senator Cynthia Lummis from Wyoming has expressed her commitment to advancing the bill and addressing the concerns surrounding digital asset market structure. Lummis, a prominent advocate for crypto regulation, acknowledged that the evolving drafts of the bill have caused some unease within the industry. She reassured stakeholders that she is focused on moving the bill forward in the coming days.

As the crypto landscape continues to evolve, the Clarity Act represents a significant step toward establishing a clearer regulatory framework. While Brandt and Glover maintain a level of skepticism regarding its immediate impact on Bitcoin's price, they agree on the necessity of such regulations for the broader acceptance and legitimacy of cryptocurrencies. The ongoing discussions in Congress and the commitment from key lawmakers signal a pivotal moment for the crypto industry, one that may lead to greater stability and confidence among investors in the long run.