Veteran commodities trader Peter Brandt believes the potential passage of the US Clarity Act will not act as a major short term catalyst for Bitcoin’s price, even as lawmakers signal progress toward passing the long awaited crypto market structure bill early next year.
Speaking to Cointelegraph, Brandt said regulatory clarity is necessary for the digital asset sector but does not fundamentally change Bitcoin’s valuation dynamics.
“Is it a world shaking macro development? No. It is needed for sure, but it is not something that should redefine value,” Brandt said. He added that regulation is not an earth shattering moment for an asset class whose earliest supporters never wanted formal oversight in the first place.
Brandt’s comments follow remarks from White House crypto and AI czar David Sacks, who said the US is closer than ever to passing landmark crypto market structure legislation. Sacks said policymakers are aiming to finish the process in January, raising expectations that the US Clarity Act could soon clear Congress.
US Clarity Act already reflected in market prices
While Brandt does not expect the US Clarity Act to push Bitcoin back toward its all time high of $125,100, he acknowledged the bill would still represent a meaningful step for the broader crypto ecosystem. According to Brandt, the biggest benefit of the legislation lies in clarifying how digital assets are regulated in the United States, rather than driving immediate price appreciation.
Similar views were echoed by Ledn chief investment officer John Glover, who told Cointelegraph that the potential passage of the US Clarity Act has largely been priced into the market.
“I do not expect this event to have a significant impact on the markets on day one,” Glover said. He noted that while regulatory clarity helps institutional confidence, any positive effect on price action is likely to play out gradually rather than instantly.
Glover added that the legislation supports the long term acceptance of Bitcoin and Ether as investable assets. Over time, he expects prices to trend higher as regulatory uncertainty fades, even if the short term reaction remains muted.
Brandt remains cautious on Bitcoin’s medium term outlook. He described the current market structure as bearish, although he said the Clarity Act could temper downside risks by improving regulatory certainty.
Brandt warns Bitcoin could test $60,000 in 2026
Based on chart patterns, Brandt said Bitcoin could trade as low as $60,000 by the third quarter of 2026. Such a move would represent a decline of around 31 percent from Bitcoin’s price near $88,000 at the time of publication, according to CoinMarketCap data.
Despite near term caution from traders, the US Clarity Act continues to attract attention on Capitol Hill. On Dec. 9, Wyoming Senator Cynthia Lummis said she wants to advance the bill further in the coming days. Lummis acknowledged concerns within the crypto industry over delays, noting that draft versions of the legislation have changed frequently during bipartisan negotiations.
If passed, the US Clarity Act is expected to provide clearer definitions for digital assets and establish regulatory responsibilities across federal agencies. While traders like Brandt do not see it as a trigger for immediate price gains, many in the industry view it as a foundational step toward long term stability and institutional adoption.
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