Tom Lee: Crypto market still on track to extend gains, failure of CLARITY Act won’t derail it.

Tom Lee, Chairman of Ethereum Treasury Firm Bitmine, stated in an interview that even if the CLARITY Act fails to pass, the crypto market could sustain its upward trend. The actual demand for the crypto sector outweighs any single piece of legislation, Lee emphasized. He pointed out that if the CLARITY Act is enacted, it will establish a clearer regulatory framework for the crypto industry and further clarify the Commodity Futures Trading Commission (CFTC)’s regulatory role; even if the bill does not pass, the CFTC and the U.S. Securities and Exchange Commission (SEC) will remain the primary federal regulators overseeing the sector. Lee cited prediction markets and sports betting markets as examples, noting that these areas have achieved continuous growth amid regulatory uncertainty.