Ric Edelman sees 95% institutional crypto adoption via CLARITY Act

The disconnect between stagnant crypto prices and aggressive institutional development is widening. While market momentum remains muted, firms including BlackRock, JPMorgan, Morgan Stanley, Franklin Templeton, State Street, Invesco, and Fidelity continue to build infrastructure tied to blockchain and tokenization. Edelman suggests that internal career risk remains the primary hurdle for decision-makers who fear professional repercussions more than they value long-term asset potential.

Legislative progress, however, faces significant headwinds. While the House scheduled a July 17 hearing, the Senate has yet to set a floor vote. Critics, including the Alliance to End Human Trafficking, have pressured Senate leaders John Thune and Chuck Schumer to strengthen anti-money laundering provisions in Section 604. Despite these concerns, Edelman maintains that the bill’s passage remains the essential trigger for capital inflows. He projects that if the legislative pathway clears, Bitcoin could eventually climb to $150,000, provided regulatory friction does not continue to dampen investor sentiment.