Crypto industry can advance even without Clarity bill, Nate Geraci says

Nate Geraci, CEO of Novadius Wealth Management, said it is positive for the crypto industry that the U.S. Clarity bill has secured enough support in Congress to move to the next stage, but added he does not see the bill’s passage as determining the industry’s future. Geraci said the SEC and CFTC under President Donald Trump’s administration are likely to use their existing authority to support the industry’s growth regardless of whether the bill passes, and added the pace of change is so fast that by the time politicians recognize the financial system has already changed, it may be too difficult to reverse. He said passage of the Clarity bill could strengthen market confidence that policy would not be easily rolled back and could accelerate innovation, but added the future of crypto itself does not depend on the bill.