Ric Edelman says crypto’s biggest growth story is happening off the price chart

The contrast: Wall Street firms are increasing their involvement despite weak market sentiment.

Worth watching: The fate of the CLARITY Act could shape crypto markets in the months ahead.

Edelman said passage of the bill would likely be viewed as a major catalyst because it would provide clearer regulatory rules for institutional investors.Failure or delays could trigger a short-term negative market reaction as investors reassess expectations for regulatory progress.He said political developments ahead of the midterm elections will also influence crypto policy momentum.Reading between the lines: Crypto’s political coalition is showing signs of strain.