The ETF Store President: The future of the crypto industry does not depend on the Clarity Act, which only serves as a booster effect.

BlockBeats news, September 14: Nate Geraci, President of The ETF Store, posted that if the CLARITY Act can secure enough votes to advance this week, it would be a good thing, but he does not believe the bill has a decisive impact on the future of the crypto industry. Under the Trump administration, the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) can still use existing authorities to promote the development of the crypto industry.

The crypto industry is developing far faster than the policy-making cycle. By the time the U.S. political world realizes that the financial system has already completed its upgrade, it may be difficult to reverse this trend. The CLARITY Act will only serve as a further catalyst, providing clearer policy expectations for the crypto industry by strengthening market confidence that innovations are not easily reversed, but the future of the crypto industry does not depend on whether the bill passes.