The US CLARITY Act may promote the institutionalization of cryptocurrency

ChainCatcher news, according to CoinDesk, Benchmark analyst Mark Palmer pointed out that the passage of the U.S. CLARITY Act will establish a clear regulatory framework for the digital asset market, distinguishing between the commodity or security attributes of cryptocurrencies. This act is expected to address the legal uncertainties that traditional financial institutions have long faced, accelerating the entry of institutional investors such as asset management companies and hedge funds.

The report indicates that compliant platforms like Galaxy Digital and Coinbase will hold a competitive advantage in this round of institutionalization. Currently, while the SEC maintains a constructive attitude, the lack of codified regulations still exposes the industry to the risk of policy fluctuations.