BlackRock's Mitchnick: Bitcoin Regulatory Acceptance Sets It Apart From DeFi
BlackRock digital assets head Robert Mitchnick says Bitcoin has regulatory acceptance most other digital assets lack, making the CLARITY Act less critical for BTC than for DeFi.
Robert Mitchnick told CNBC that Bitcoin has achieved regulatory acceptance most other digital assets have not.
Mitchnick cited $40 trillion US debt and fiscal deficits as bigger structural factors than legislation for Bitcoin's long-term case.
US spot Bitcoin ETFs recorded $232.1M inflow Wednesday, extending an eight-day streak to $2.8Bn.
Cumulative net inflows stand at $54.6Bn with total net assets at $98.6Bn.
The CLARITY Act (H.R. 3633) passed the House 294-134 on July 17, 2025; the Senate Banking Committee reported an amended version June 1, 2026; a cloture motion was filed August 8, 2026; the bill has not passed the Senate.
Senate passage timeline and final regulatory treatment for DeFi under any legislation remain unknown.