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CoinShares' James Butterfill says Bitcoin has room to rebound as election uncertainty clears

NewsFeeds update

CoinShares research head James Butterfill says Bitcoin has largely priced in a big Democratic win in the 3 November midterms and could rebound, warning that slower crypto reform and a harder path for the CLARITY Act are bigger concerns.

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The story so far: Clarity Act passage prospects

Democrats won back both chambers of Congress in the 3 November midterms, and analysts expect the CLARITY Act to stall. Galaxy Research's Alex Thorn now says no substantive progress on key digital asset legislation is likely, though the SEC, CFTC and bank regulators can keep shaping rules under existing authority.

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  1. CoinShares' James Butterfill says Bitcoin has room to rebound as election uncertainty clears

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