Jefferies Sees Crypto Volatility as Clarity Act Odds Fall to 48%, Joins $70B Buybacks
JEF•JEF•JEF•JEF•Jefferies warns that stalled Clarity Act legislation has cut the odds of crypto regulation to 48% by year-end, predicting heightened Bitcoin and digital-asset volatility in H2. The firm joins two peers in announcing over $70 billion in buybacks after Fed stress test approvals, as its shares have slid 20% year-to-date.
Analysts at Jefferies caution that the Clarity Act crypto legislation, which would clarify digital-asset regulation, faces significant hurdles in Congress. They now assign a 48% likelihood of passage by year-end—down from 70% in mid-May—and foresee increased Bitcoin and digital-asset volatility in H2.
Jefferies joins two other major financial institutions in unveiling share repurchase programs totaling over $70 billion following Federal Reserve stress test approvals. The program aims to support shareholder value as Jefferies’ shares have declined 20% year-to-date to trade near $50.25 per share.
