VanEck: CLARITY Act Passage Could Trigger Major L1 Rally

The argument hinges less on the bill's substance than on what it would remove: the regulatory ambiguity that has kept large allocators on the sidelines of L1 tokens specifically. That framing matters because it reframes pending legislation as a sector-level catalyst rather than a compliance detail, and it puts the burden of proof on Washington rather than on protocol fundamentals. Whether that thesis survives contact with the actual legislative calendar — and whether clarity, once delivered, is priced in before it arrives — is the open question.