The United States may usher in the biggest "turning point" in the history of encryption: Countdown to the CLARITY Act! Will DeFi be the biggest winner? Coinbase CEO: It is expected that the House of Representatives will pass the CLARITY Act next week, and the United States is ready to embrace cryptocurrency! This move is highly beneficial for the later development of the cryptocurrency market, especially for the development of the Defi track and short-term price benefits: During the "Crypto Week" period from July 14th to 18th, three pieces of legislation will be promoted: 1. GENIUS Act - Establish a regulatory framework for US dollar stablecoins. 2. Anti CBDC Monitoring Act. 3. CLARITY Act - Define whether digital assets are commodities or securities, and clarify the responsibilities of CFTC and SEC. @Brian'armstrong mentioned the third CLARITY Act; one ️⃣ What is the CLARITY Act—— The full name of CLARITY is the Digital Asset Market Clarity Act It is a legislative proposal aimed at clarifying the regulatory framework for encrypted assets, Provide a temporary registration system for exchanges, brokers, etc. to enter the market and transition to compliant operations. The core functions are as follows: 1) Regulating the digital asset market, 2) Clarify the classification of digital assets, regulatory agencies, and relevant legal frameworks, and provide certain exemptions for DeFi protocols to protect developers and validators from excessive regulation; two ️⃣ Why is it important—— Mainly to eliminate regulatory uncertainty: The main problem in the current US cryptocurrency industry is the "regulatory fog": the SEC often sues cryptocurrency projects, but there are no clear rules for companies to comply. The CLARITY Act will provide clear rules and compliance pathways for industry development. Once the bill is passed, it means: Mainstream acceptance of encrypted assets in the United States; Reduced barriers to entry for large financial institutions; Expected to trigger a new round of capital inflows. three ️⃣ Impact on the market—— Coinbase、MicroStrategy、 Benefitting mining enterprises and RWA related projects; The market may speculate on this positive news in advance, and BTC, ETH, and related cryptocurrency concept stocks in the US may strengthen; In the short term, this is also the main reason why BTC has been hitting the 110000 mark in recent days. The 110000 pressure level of Bitcoin is crucial, and I believe that the Defi sector may usher in significant positive news, with a sharp increase in the possibility of a sharp rise! In the medium to long term, the United States may become a legitimate stronghold for cryptocurrency finance; DeFi, NFT, and tokenized assets gain greater legitimacy and capital attention; Global regulatory trends may be led by the United States. In summary: This is a "milestone" event for the US cryptocurrency industry. Once the legislation is passed and signed, it means that the US is finally going to "let go" of cryptocurrencies - not just compliance, but national readiness to "embrace cryptocurrency"; The regulatory boundaries of SEC and CFTC are clear, and the industry is ushering in a 'compliance bull market'.