Jefferies Says the CLARITY Act Could Be a Key Point for the U.S. Digital Asset Market Structure

Jefferies stated that the CLARITY Act is the clearest roadmap to date for the structure of the U.S. digital asset market, although its prospects for passage remain uncertain. The proposed ban on stablecoin yields could alter the incentives for exchanges and issuers, while still preserving transaction-based rewards. Jefferies believes that if regulatory clarity encourages broader participation from banks and market infrastructure companies, the process of tokenization in the traditional financial sector could accelerate.