Bernstein warned that weaker odds for the U.S. CLARITY Act could trigger a short-term sell-off in crypto if the Senate does not advance the bill before recess. Polymarket odds for 2026 passage fell to 31%, down 7 points in a week.
Matters because: Regulatory clarity has been a key support for institutional crypto allocation. A failure to move the bill could pressure BTC and broader valuations near term.