Yesterday, I briefly introduced the Clear Act, and I believe everyone has some understanding of it; today's focus will be on a clear act related to the cryptocurrency bull market, which might be the only opportunity for a turnaround in the crypto space. Looking back at yesterday's market, Bitcoin reached a high of 79,555, cautionary 445 points away from 80,000. Today, a round of adjustments has begun, and the impact of Bitcoin and Ether seems to be increasing; however, smaller coins, led by SOL, are showing obvious signs of insufficient funds, with a sharply increasing depth of adjustment and a very apparent pinning pattern. I believe that the bear phase is not far off. The biggest bear of the year, which is the interest rate cut issue in September, is approaching. I remind everyone that the September meeting will take place at the end of the month, which means that it is normal to maintain a heightened state until then. Once an interest rate cut is not initiated, even maintaining the status quo would deal a fatal blow to the cryptocurrency market, unless the Clear Act can be implemented this year, or if Trump can mention the progress of the Clear Act during the mid-term elections, the market will show a different trend.

The most clear point of the Clear Act is the clear delineation of regulation, meaning that tokens issued in the early stage of the cryptocurrency market will fall under the exclusive jurisdiction of the CFTC (for example, Bitcoin, Ethereum, SOL); while tokens issued in the stock market will be regulated by the SEC (for example, the currently popular SNDK flash memory). Most importantly, stock market tokens will be legalized. Many friends only see the success of flash memory and often overlook the operational route; the issuance route still relies on the SOL chain. Among them, the type of contracts will also be classified for SEC regulation, and investment contracts will be particularly interesting, as early-stage funding will also be categorized as contract types subject to SEC regulation. This directly indicates that it will be very difficult to issue altcoins in the future, which aligns perfectly with our predictions from the past two years. This essentially sets the tone for future altcoin seasons, where explosions will no longer be possible; only tokens with compliance licenses will qualify for listing, and the authority to grant qualifications will be given by the SEC.

Old Cui believes that the point of greatest concern for everyone is how to realize stablecoins. The Clear Act also describes this in detail, clarifying that offline transactions of cold wallets and soft wallets are legal, and the paths to realization are directly opened up. The rights of merchants have also been protected, as all merchants trading in USDT will be recognized as digital goods transactions, without the so-called definition of black assets, and all practitioners will receive legal protection. So where exactly is the impact of this act on the bull market? To have a bull market, institutional limitations must be cleared; the definition of institutions has also been newly classified, strictly requiring exchanges to keep customer funds and proprietary funds separated and clearing obstacles for traditional banks providing crypto custody services, which removes regulatory barriers for large institutional funds like pensions and sovereign funds. The leading agency is clearly defined: the CFTC has gained greater regulatory power over crypto spot markets under the act, as its regulatory style embraces market and technological innovation, which is a significant benefit for the overall industry development.

Old Cui summarizes: Overall, as long as the Clear Act can pass, it will be the second-best piece of news for the crypto space after Trump’s competency, and a short-term surge is inevitable; in the long run, as long as the strategy remains unchanged, the currency chains used by stablecoins will become leading currencies in the future. Among the most potential currencies are SOL, BNB, OKB, and XRP. Currently, only these few currencies can support large transactions; although DOGE can, it is not included in Old Cui's investment plan, but those with faith can try. BNB has failed to hold a European license, OKB has an independent system, XRP is the faith of Korea, but its supply is too concentrated and unevenly distributed, which are serious flaws; only SOL, especially due to the borrowing from flash memory, may serve as a reference for future listed companies. This round of rebound has also made SOL's growth remarkably impressive; of course, Old Cui does not make recommendations, everyone should weigh the options themselves. At the end of the article, if you have any questions, please ask; cash users can continue to hold, do not take action for recent accumulation, and contract users must absolutely not chase on the increase unless they can avoid later unstable factors; remember that micro-strategy has been consistently selling!

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