Just got this: Bitmine chairman Tom Lee said that even if the “CLARITY Act” doesn’t pass, the crypto market could still keep rising—he cares more about demand itself rather than a single piece of legislation.
The gist is roughly this: CLARITY was meant to lay out the framework clearly and pin down the CFTC’s responsibilities; even if it fails, the SEC and CFTC will still be the main federal regulators. He also gave examples like prediction markets and sports markets, saying that when regulation is unclear, these sectors can still grow.
$ETH #CLARITY #regulation
The gist is roughly this: CLARITY was meant to lay out the framework clearly and pin down the CFTC’s responsibilities; even if it fails, the SEC and CFTC will still be the main federal regulators. He also gave examples like prediction markets and sports markets, saying that when regulation is unclear, these sectors can still grow.
$ETH #CLARITY #regulation
