ETF Store President: Cryptocurrency's Future Does Not Depend on the Clarity Act

TechFlow reported on September 14 that Nate Geraci, CEO of ETF Store, stated that if the CLARITY Act gains enough votes to advance this week, it would be a positive for the industry, though he believes it is not the decisive factor for the future of cryptocurrency.

Under a Trump administration, the Securities and Exchange Commission and the Commodity Futures Trading Commission will leverage their existing authority to drive crypto development; the CLARITY Act will primarily serve to further accelerate industry innovation by enhancing regulatory certainty.

The pace of growth in the crypto industry far outstrips the policy-making cycle. By the time U.S. policymakers realize that the financial system has already completed its upgrade, it may be too late to reverse the trend. The CLARITY Act will merely act as an additional catalyst, providing clearer policy expectations for the crypto sector by bolstering market confidence that innovative developments are unlikely to be rolled back, but the future of the crypto industry does not hinge on whether the bill passes.