Novadius Wealth Management CEO said politicians, major financial institutions and mainstream media still misunderstand crypto as the CLARITY bill remains delayed despite a White House agreement on an ethics provision.
Novadius Wealth Management CEO Nate Geraci said the controversy surrounding the CLARITY bill underscores a broader education problem for the crypto industry. He said many politicians, major financial institutions and mainstream media outlets do not properly understand the nature of cryptocurrency, or may understand it but still see it as a threat. Geraci argued that stronger industry education would help address the issue in either case. The comments came as processing of the CLARITY bill remained delayed even after the White House reached agreement on an ethics provision.