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▲ Bitcoin (BTC)
Mark Yusko, CEO of Morgan Creek Capital Management, strongly criticized the US Cryptocurrency Market Structure Bill (CLARITY), warning that the bear market in the virtual asset market could be prolonged beyond expectations.
Economic media outlet Benzinga reported on April 22 (local time) that Yusko pointed out in a recent interview that the bill contains many elements that could hinder industry growth. Yusko warned, "A structure that grants excessive power to regulatory authorities is highly likely to stifle corporate activities and impede innovation."
Yusko emphasized that even if the bill passes, market uncertainty will not be resolved; instead, regulatory risks could expand. This environment could cool investor sentiment and prolong the downturn in the entire virtual asset market, including Bitcoin (BTC).
Yusko also raised the possibility that the US could lose its competitiveness in the global virtual asset market. He expressed concern that if a control-centric approach continues instead of industry-friendly regulatory directions, the flow of capital and businesses moving overseas could accelerate.
Currently, the virtual asset market expects institutional integration based on regulatory clarity, but Yusko's perspective raises strong doubts about this. He criticized the bill, stating that it was designed to suppress the industry rather than promote innovation, and emphasized the need for a comprehensive review of the entire regulatory framework.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. This content should be interpreted for informational purposes only.*
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