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▲ Bitcoin (BTC)
Mark Yusko, CEO of Morgan Creek Capital Management, openly criticized the U.S. cryptocurrency market structure bill (CLARITY), warning that the bear market in the virtual asset market could be prolonged longer than expected.
Economic news outlet Benzinga reported on April 22 (local time) that Yusko pointed out in a recent interview that the bill contains numerous elements that could hinder industry growth. Yusko warned, "A structure that grants excessive power to regulators is highly likely to stifle corporate activities and impede innovation."
Yusko emphasized that even if the bill passes, market uncertainty may not be resolved; instead, regulatory risks could expand. He explained that this environment could cool investor sentiment and prolong the stagnation phase of the entire virtual asset market, including Bitcoin (BTC).
Furthermore, Yusko raised the possibility that the United States could lose its competitiveness in the global virtual asset market. He expressed concern that if a control-centric approach continues instead of an industry-friendly regulatory direction, the outflow of capital and businesses overseas could accelerate.
Currently, the virtual asset market expects to be incorporated into the institutional system based on regulatory clarity, but Yusko's perspective strongly questions this. He criticized the bill as being designed to suppress the industry rather than promote innovation, emphasizing 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 investment losses based on it. The content should be interpreted for informational purposes only.*
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