Tom Lee: Crypto market may still continue to rise, and failure to pass the CLARITY Act cannot stop it.

BlockBeats news, September 19: Tom Lee, Chairman of Ethereum treasury company Bitmine, said in an interview that even if the CLARITY Act is not passed, the crypto market may still continue to rise. The actual demand in the crypto market is more important than any single piece of legislation.

Lee pointed out that if the CLARITY Act is passed, it will establish a clearer regulatory framework for the crypto industry and further clarify the CFTC's regulatory role; even if the bill fails to pass, the CFTC and SEC will continue to serve as the main federal regulators responsible for industry oversight. He cited prediction markets and sports betting markets as examples, saying that these sectors have still achieved sustained growth despite regulatory uncertainty.