Pompliano Says Bitcoin Will Hit New Highs Without CLARITY Act

Anthony Pompliano, a well-known advocate for Bitcoin (BTC), recently expressed his views on the proposed CLARITY Act. He argued that the bill is unnecessary for Bitcoin to reach new all-time highs.

Pompliano believes that Bitcoin already has sufficient regulatory clarity, as it is not considered a security and is held by hundreds of millions of people worldwide. According to him, no legislation can change this reality, making the CLARITY Act redundant.

He acknowledged that passing the bill might accelerate the timeline for reaching new highs by generating enthusiasm among Wall Street and politicians. However, he emphasized that Bitcoin's fundamentals stand on their own, regardless of regulatory developments.

The real fight, according to Pompliano, is over who gets to profit from stablecoins, not whether crypto needs regulatory clarity. He pointed out that both sides of the stablecoin yield debate are making legitimate arguments, with banks and crypto firms having different perspectives on the matter.