Bitmine Chair Tom Lee Says Crypto Market Could Rise Even If CLARITY Act Fails

Bitmine Chairman Tom Lee said in an interview that the crypto market could keep rising even if the CLARITY Act does not pass. According to Odaily, Lee said market demand matters more than any single bill, and that the CLARITY Act was intended to create a clearer regulatory framework for the crypto industry and give the U.S. Commodity Futures Trading Commission more defined oversight duties. Lee added that even if the bill fails, the SEC and the CFTC would remain the main federal regulators for the crypto industry. He also pointed to prediction markets and sports markets as examples of sectors that have continued to grow despite regulatory uncertainty.