Ric Edelman: Crypto industry must compromise on Clarity Act

Prominent investor and Chairman of the Digital Asset Council, Ric Edelman, has warned that the debate over allowing interest payments on stablecoins threatens the progress of the crypto market structure bill, known as the Clarity Act. He projected that banks are likely to win this dispute. Edelman argued that the crypto industry should compromise rather than risk losing regulatory clarity altogether, warning that the bill could become deadlocked if not passed before the midterm elections. Meanwhile, he dismissed concerns that quantum computers pose a threat to Bitcoin. He suggested that even if quantum computers emerge, attackers would first target larger financial systems or infrastructure rather than Bitcoin. Edelman advised investors to allocate up to 40% of their portfolios to cryptocurrencies, emphasizing a focus on major assets such as Bitcoin, Ethereum, and Solana.