Crypto Week Anticipation Sparks Crypto-Asset Rally — Market Talk

The keystone of Crypto Week is the Clarity Act, which Benchmark analyst Mark Palmer says will aim to transform crypto from a gray-area asset into a regulated, investable class. "We believe the enactment of the Clarity Act would likely spur the widespread adoption of digital assets by institutional investors including asset managers, hedge funds, banks, and other financial entities that have long held crypto at arm's length due to regulatory uncertainty," he writes. Investors' anticipation of the bill's potential passage, combined with President Trump's urging of lawmakers to have it on his desk, is sparking a crypto asset rally. Bitcoin hits an all-time high, while bitcoin-mining and crypto-related stocks gain in midday trading. (connor.hart@wsj.com)