{"id":84654,"date":"2026-04-22T21:46:32","date_gmt":"2026-04-22T21:46:32","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=84654"},"modified":"2026-04-22T21:46:32","modified_gmt":"2026-04-22T21:46:32","slug":"horrible-bill-yusko-says-clarity-act-could-extend-crypto-bear-market-corrected","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=84654","title":{"rendered":"&#8216;Horrible Bill&#8217;: Yusko Says CLARITY Act Could Extend Crypto Bear Market (CORRECTED)"},"content":{"rendered":"<div>\n<p><em>Editor\u2019s note: Updated to correct attribution and identify the cited source as a Treasury Department study.<\/em><\/p>\n<p>Morgan Creek Capital CEO <strong>Mark Yusko<\/strong> said the CLARITY Act is \u201ca horrible bill\u201d written by big banks to delay the transition to better money, warning that if it passes, the crypto bear market could extend longer than expected.<\/p>\n<h3 class=\"wp-block-heading\">The CLARITY Problem<\/h3>\n<p>Yusko <a href=\"https:\/\/www.youtube.com\/watch?v=X5Evf7XkLxI\">told<\/a> the Paul Barron Network that the CLARITY Act and GENIUS Act were written to forestall the inevitable transition to a system where people can be their own bank.\u00a0<\/p>\n<p>He pointed to <strong>Bank of America <\/strong><a href=\"https:\/\/www.benzinga.com\/quote\/BAC\" target=\"_blank\" class=\"ticker-link\" data-ticker=\"BAC\" data-exchange=\"NYSE\" rel=\"noopener\">(NYSE:<\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/BAC\">BAC<\/a>) CEO <strong>Brian Moynihan,<\/strong> who \u2013 on the company&#8217;s January earnings call \u2013 cited a recent Treasury Department study, which warned that upwards of $6 trillion in deposits could flow out of the banking system into the stablecoin environment.<\/p>\n<p>\u201cThey\u2019ve said the quiet part out loud,\u201d Yusko said. \u201cIf you don\u2019t pay people for their capital and they can get paid somewhere &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/26\/04\/51976756\/horrible-bill-yusko-says-clarity-act-could-extend-crypto-bear-market?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel\" alt=\"'Horrible\" bill yusko says clarity act could extend crypto bear market>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Editor\u2019s note: Updated to correct attribution and identify the cited source as a Treasury Department study. Morgan Creek Capital CEO Mark Yusko said the CLARITY Act is \u201ca horrible bill\u201d written by big banks to delay the transition to better money, warning that if it passes, the crypto bear market could extend longer than expected. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-84654","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/84654","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=84654"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/84654\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=84654"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=84654"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=84654"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}