Analyst: Crypto rally is a repricing driven by fading regulatory uncertainty
- —Sheffield: the rally stems from removed political risk, not broad risk appetite
- —Rule-making and regulatory exemptions matter more than whether CLARITY Act passes
- —Recovery from last year's $19bn single-day loss took about six months
- —Ethereum's staking yield offers a business model familiar to traditional investors
Why it matters: If the thesis holds, further upside depends on on-chain volumes, fund tokenization and bank hiring rather than macro sentiment.
Source: TokenPost