Tom Lee: Crypto Market Will Keep Rising, Even If the CLARITY Act Fails

Odaily News — Tom Lee, chairman of Ethereum treasury company Bitmine, said in an interview that even if the CLARITY Act fails to pass, the crypto market may still continue to rise, as market demand matters more than any single piece of legislation. The CLARITY Act was originally intended to establish a clearer regulatory framework for the crypto industry and give the U.S. Commodity Futures Trading Commission (CFTC) more clearly defined regulatory responsibilities; even if the bill fails, the U.S. Securities and Exchange Commission (SEC) and the CFTC will continue to serve as the main federal regulators of the crypto industry.

Tom Lee also pointed to prediction markets and sports markets as examples, saying these sectors have continued to grow despite regulatory uncertainty.