Bernstein says Clarity Act failure allows stablecoin rewards on idle balances to continue, expects ‘swift’ SEC and CFTC rulemaking

Crypto Insight Summary: Bernstein expects the SEC and CFTC to drive crypto rulemaking after Senate lawmakers failed to advance Clarity Act legislation. Crypto Insight Analysis: Direction: Neutral Impact: Minor Impact Horizon: Mid-term (1-8 weeks) Reasoning: Regulatory uncertainty persists, but stablecoin rewards provide short-term support.