Tom Lee, Chairman of Ethereum accumulation company (DAT) Bitmain (BMNR), stated, "Even if the Clarity Act is not passed, the cryptocurrency market can continue to rise." He explained, "The actual demand in the cryptocurrency market is more important than any single piece of legislation. If the Clarity Act passes, a clearer regulatory framework for the cryptocurrency industry will be established, and the regulatory role of the Commodity Futures Trading Commission (CFTC) will become more defined. However, even if the bill does not pass, the CFTC and the Securities and Exchange Commission (SEC) will continue to perform their roles as key federal regulatory agencies overseeing the industry." He then cited prediction markets and sports betting markets as examples, saying, "These areas have achieved sustained growth despite regulatory uncertainty."
