Veteran trader Peter Brandt believes the US Clarity Act won’t drastically impact Bitcoin’s price as it nears Congressional approval in January. White House crypto and AI czar David Sacks anticipates the legislation’s passage, calling it a landmark development for the industry. The Clarity Act is seen as a positive step by industry experts like Brandt and Ledn’s CIO John Glover, with potential market effects expected to be delayed.

Brandt suggests that Bitcoin is in a bear market and could drop to $60,000 by Q3 of 2026, representing a 31% decrease from the current price of $88,000. The Clarity Act has garnered attention from pro-crypto lawmakers like Wyoming Senator Cynthia Lummis, who aims to advance the bill in the near future. Concerns have been raised about the bill’s evolving drafts during bipartisan discussions.

Read more at Cointelegraph: US Clarity Act Will Not Move Needle On Bitcoin’s Price: Analysts