AltcoinFox Issues Warning: CLARITY Act Failure Could Send Crypto Prices Plummeting

A long-term Bitcoin trader and analyst named AltcoinFox has issued a warning to XRP and Bitcoin investors, suggesting that if the CLARITY Act does not generate meaningful progress this week, the crypto market could face a sharp correction before the end of the year.

The CLARITY Act is a proposed piece of legislation designed to establish clear legal boundaries for cryptocurrencies, distinguishing digital commodities regulated by the Commodity Futures Trading Commission from securities overseen by the Securities and Exchange Commission.

AltcoinFox predicts that if the bill stalls, XRP could fall to $0.60 and Bitcoin could decline to $28,000.