Peter Brandt: US Clarity Act won’t shake Bitcoin’s price
Veteran trader Peter Brandt said the proposed US Clarity Act is unlikely to meaningfully move Bitcoin’s price, even as signals suggest the legislation could clear Congress as early as January.
“Is it a world-shaking macro development? Nope. Needed for sure, but not something that should redefine value,” Brandt said on Friday. “Having an asset regulated, particularly an asset for which die-hard investors never wanted to be regulated, is not an earth-shattering event,” he added.
His remarks followed comments on Thursday from White House crypto and AI czar David Sacks, who said, “We are closer than ever to passing the landmark crypto market structure legislation.” He added, “We look forward to finishing the job in January.”
Executive says Clarity Act already reflected in prices
While Brandt does not view the Clarity Act as a catalyst to return Bitcoin (BTC) to its reported all-time high of $125,100, he said the measure would still mark notable progress for the broader digital asset sector. “The Clarity Act would be positive because it would greatly clarify the regulatory structure for crypto assets,” he said.
Echoing that view, Ledn chief investment officer John Glover said the potential passage of the Clarity Act has likely “been priced into the market.” “I don’t expect this event to have a significant impact on the markets on day 1,” he said, noting any price effects would likely materialize over time. “It is another step toward broad-based acceptance of Bitcoin and ETH as investable assets, so over time I still expect the price trajectory to be up and to the right over time,” Glover added.
Brandt said Bitcoin remains in a bear market but noted the Clarity Act could “moderate” his downside bias.
Brandt says Bitcoin could fall to $60,000 in 2026
“I believe the charts suggest that Bitcoin could trade down to the $60k level, likely in Q3 of 2026,” Brandt said. That would be a 31% decline from Bitcoin’s price of $88,000 at the time of publication, according to CoinMarketCap.
The bill has drawn attention from both the crypto industry and pro-crypto lawmakers. On Dec. 9, Wyoming Senator Cynthia Lummis, a member of the US Senate Banking Committee and a leading advocate for digital asset market structure, said she intends to take the next step to advance the legislation in the coming days. She added the industry had become “a little concerned” about the bill’s progress, noting that drafts were being “changed so much every few days” during bipartisan negotiations.
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