McGlone is being very blunt this time—if July 4th really comes and goes, these air coins are probably going to hit zero all at once.

Crypto界 News, Bloomberg senior commodities strategist Mike McGlone warns that the progress of the CLARITY Act is faster than expected, and the risks it comes with are higher than most people realize. He said the bill would put most cryptocurrencies with no real economic function at risk of going to zero, although it is beneficial for the tokenization of stablecoins and real-world assets. The bill is targeted for passage on July 4, and lawmakers from both parties in Congress say they will push it forward quickly.