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OKX's Rafique doubts Clarity Act will pass, says bitcoin price already reflects optimism

Market News
07 Aug 2026
Coindesk
View Source
Bearish
OKX's Rafique doubts Clarity Act will pass, says bitcoin price already reflects optimism

Haider Rafique of OKX expressed skepticism that the Clarity Act, a key U.S. crypto market structure bill, will pass this year due to political dynamics ahead of the midterms. He noted that Democrats have little incentive to support a Republican-led crypto bill, and much of the positive impact is already priced into bitcoin, limiting upside but risking a sharper downside if it fails. Rafique also highlighted OKX's plans to expand its partnership with Intercontinental Exchange to bring tokenized equities and traditional financial products onchain, aiming to strengthen the U.S. digital asset industry amid regulatory uncertainty.

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