And wealth management firm Bernstein is sounding the alarm — without the Digital Asset Market Clarity Act moving forward, the crypto market could take a real hit. Bernstein put it plainly: if the CLARITY Act doesn’t advance before lawmakers leave town, Bitcoin and broader crypto valuations could slide. The probability of the CLARITY Act passing this year has dropped to 31%, down noticeably over recent weeks. Banks don’t want to operate under strict capital and compliance rules while crypto firms potentially sidestep them, and that tension hasn’t gone away. Related: CLARITY Act Stall Puts Bitcoin at Risk Before Senates August 10 RecessThat’s not nothing.