Why keep talking about the (clear act) every day? What exactly is this bill?
Coinbase’s big boss, Armstrong, recently went on CNBC to fan the flames and said that the (clear act) has already reached the “last step.” If this actually gets passed, then our ETH, XRP, and SOL definitely can cash in on a big red-bag windfall—short-term and long-term alike, it’s all real gold and silver you can actually get your hands on!
But! Institutional projections say there’s only a 30% chance it can pass this year… That’s just too depressing, right?!
A lot of people are wondering: didn’t the SEC and CFTC issue statements not long ago saying that Bitcoin, Ethereum, SOL, XRP—this bunch of hard currencies—are “commodities,” not “securities”? Then why are they still pushing for this bill?
Did you notice where the trap is? The previous one was just an internal guidance document from within the agency. A new leader comes in and writes a memo—then they can overturn it on the spot! But if it becomes a formal law, then it’s set in stone. Only big institutions and big capital would dare to confidently throw huge money in. Basically, Armstrong is working so hard to call for it everywhere—not just to be heard, but also to help Coinbase gain more influence, and at the same time make it so the market has legal backing.
So… where do we go from here?
Best-case scenario (Script A): the bill passes by the end of this year or the beginning of next year after some hard bargaining! Even if it doesn’t immediately send price skyrocketing, it’s definitely a green light for the big institutional “bosses.” The bear market might only need to drag on for another couple of quarters before it’s over. Then when institutions come to buy the dip, their top picks are absolutely those major RWA asset-tokenization plays like ETH, SOL, and XRP!
Worst-case scenario (Script B): bad luck— the bill gets stuck or even pushed to next year… If that happens, the little rebound hopes from the recent uptick are probably going to get snuffed out right away. We’ll just keep enduring the bear market, and everyone can continue suffering through the slow, downward grind.
To be honest, most people don’t really have objections to the core provisions of this bill—how it’s categorized and how the market structure should be set up. The main problem is those messes tied to officials’ moral constraints! And on top of that, the old folks in Congress are on vacation right now, so progress probably won’t happen until they reconvene in autumn.
In the end, before autumn, the coins in our hands will most likely just keep trading sideways, grinding everyone down.
My take: right now it’s purely a “policy bull / policy bear” situation. If the bill doesn’t pass, institutions won’t dare to enter at scale, and we retail folks just end up hurting each other. If the bill does pass, the big money comes in to catch the bag, and the bull run comes back fast. There’s nothing much to say at this stage—just hold tight and wait for Congress to reopen in autumn.
What does everyone think? Did you buy the dip tonight?$ETH $XRP $SOL
