Moonrock Capital founder Simon Dedic said the upcoming U.S. Senate vote on the CLARITY Act may disappoint market expectations, but he still expects the American crypto industry to end up with a clearer regulatory path. He noted that Democrats have already voiced opposition to the Republican version of the bill over what he described as ethical concerns, while Polymarket odds tied to the legislation have fallen noticeably. In his view, the market has largely priced in the possibility of a weaker-than-expected vote outcome. Dedic argued that even if the bill does not pass, the U.S. Securities and Exchange Commission could still advance crypto measures with similar practical effects. He also warned that if Washington remains unable to move crypto legislation forward for too long, some crypto companies may shift business overseas, weakening the country’s lead in frontier finance. Even so, he said the United States is unlikely to allow that scenario to continue, leaving room for a supportive regulatory backdrop regardless of the final vote.
BlockBeats reported on Sept. 15 that Moonrock Capital founder Simon Dedic said the U.S. Senate is approaching a vote on the CLARITY Act. According to Dedic, Democrats have already voiced verbal opposition to the Republican version over what he called ethical concerns, and related prediction odds on Polymarket have dropped noticeably. He said the market has largely priced in the possibility that the vote result could come in below expectations.
Dedic said that regardless of the outcome, the U.S. crypto industry is still likely to get a more clearly defined regulatory path. He added that if the bill fails, the U.S. Securities and Exchange Commission, or SEC, could still move forward with crypto regulatory measures that deliver similar effects.
He also said that if the United States is unable to advance crypto legislation for an extended period, some crypto companies may move operations overseas, which could weaken the country’s leadership in frontier finance. Even so, Dedic said he does not expect the U.S. to simply let that happen, and he believes the crypto industry may continue to benefit from a favorable regulatory environment whether or not the CLARITY Act passes.
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