- Chainlink Founder says CLARUTY Act could come into effect before Midterms.
- Sergey Nazarov talks about how DeFi pump for institutional client capital could be bullish.
- Their entering DeFi could lead to a 10x crypto pump overnight.
As the market continues to tug between bearish and bullish predictions, reputed figures in the space share their opinions on what to expect next. At the moment, all eyes are on the US and its many strides to ease crypto regulation in the country. The Chainlink Founder says CLARITY Act could come into effect before Midterms. He also goes on to state that institutions could experience crypto 10x action overnight.
Chainlink Founder Says CLARITY Act Could Come Into Effect Before Midterms
At SmartCon, Chainlink Founder Sergey Nazarov addresses a few questions about the crypto market in an insightful segment. The majority of this discussion had to do with the CLARITY Act that was just being passed in the US legislation, and how this could impact the crypto market in the coming weeks ahead. Specifically, when asked if he thought when the Act would come into effect, this is what he had to say.
As we can see from the post above, Nazarov was asked if he thought there was a 60% chance of the CLARITY Act passing before Midterms. On this, Nazarov states that there is likely a 70% to 80% chance that the CLARITY Act can come into effect before Midterms. Then he continues talking about how this could change the world as we know it, and how it could change for the better.
He also addresses the fact that the government is still shut down, and its coming back into operation would also help. Nazarov also talks about the need for education to help senators and congressmen understand how DeFi and Blockchain would not increase money laundering, but rather decrease it. At present, money laundering in crypto is below 1% which beats traditional markets by a huge amount.
Crypto Market Could See 10x Crypto Pump Overnight
Nazarov also mentions how educating the masses would evaporate all concerns based on the truth of what the industry really does. He also draws attention to the potential of DeFi and how its innovation could lead to a massive pump in crypto prices. This is all thanks to institutional adoption as the capital fueling these innovations will come from their clients and their wealth.
As we can see from the post above, Nazarov says institutional adoption truly entering the DeFi sector will enhance the sector like never before. In fact, he says it just kicking off will lead to 10x pumps overnight for crypto. He concludes by saying that traditional and crypto markets will eventually merge, creating a new standard for the financial industry and set a new system as a whole.
