Tom Lee: "Crypto Spring" Has Begun, Compromise Proposal for the CLARITY Act is Largely Acceptable

BlockBeats News, May 4th, Bitmine Chairman Thomas "Tom" Lee stated:

The U.S. Senate has released the compromise text of the "CLARITY Act." While the bill prohibits certain yield-bearing stablecoin reserves, it allows for activity-based "rewards," seeking a balance between innovation and protecting existing depository institutions (i.e., traditional banks). This compromise is generally acceptable to us, and we hope the bill will be passed in 2026. Current predictions from the prediction market Polymarket indicate that the probability of the bill passing in 2026 has exceeded 60%, the highest level in a month.

The "Crypto Spring" has begun. Similar to past cycles, even as crypto prices strengthen, investor sentiment remains subdued and somewhat pessimistic. We believe that the potential passage or rejection of the "CLARITY Act" will confirm the arrival of the Crypto Spring. In terms of the driving forces behind the future rise of crypto assets, Ethereum (ETH) continues to benefit from a dual tailwind: Wall Street's tokenization on the blockchain and the increasing demand for transparent, neutral blockchains from proxy AI systems.

Ethereum remains the most widely used and trusted smart contract blockchain in the tokenization space, making it well-suited for the emerging proxy business. We increasingly view ETH as both a store of value and a medium of exchange. Since the outbreak of the Iran conflict, ETH has demonstrated this role. Since the start of the conflict, ETH has outperformed the S&P 500 index by 1380 basis points and remains one of the best-performing assets globally (second only to oil prices).

Bitmine has maintained an accelerated pace of ETH accumulation over the past four weeks, buying more ETH every week because our fundamental conviction is that ETH is in the final stage of a "mini crypto winter." In the past week, we further increased our holdings by 101,745 ETH, continuing to execute our aggressive accumulation strategy.