Coinbase VP Ryan VanGrack signals the CLARITY Act is near passage, with institutional investors reportedly waiting for approval to enter crypto markets.
Regulation & Gov ·
Ryan VanGrack, Vice President of Coinbase, stated the CLARITY Act is "on the verge of adoption," signaling momentum toward passage of legislation intended to establish a regulatory framework for cryptocurrency markets. Bitwise reported that some of its major institutional clients are waiting for the act's approval before entering the crypto space, with market participants anticipating institutional demand will increase once the legislation is enacted.