VanEck head of digital assets research Matthew Sigel said passage of the U.S. CLARITY Act could trigger "an enormous relief rally" in Layer 1, or L1, tokens. His remarks focused on how regulatory progress could affect native assets tied to public blockchain networks. The report said the CLARITY Act is designed to provide a clearer regulatory framework for digital assets. Market participants broadly view the bill as one of the legislative factors that could shape risk appetite across crypto assets. The comments frame the proposal as a potential catalyst for sentiment in the sector if the measure advances.
ChainCatcher reported that Matthew Sigel, VanEck's head of digital assets research, said passage of the U.S. CLARITY Act could trigger "an enormous relief rally" in Layer 1, or L1, tokens.
Sigel's comments were centered on the potential effect of regulatory progress on native assets of public blockchain networks. The report added that the CLARITY Act is intended to create a clearer regulatory framework for digital assets, and the market broadly sees it as an important legislative variable for crypto risk appetite.
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