#数字资产动态追踪 The legislative cycle of the CLARITY Act: A key window for reshaping the crypto market structure

Recent progress on the CLARITY Act has attracted widespread attention within the industry. The importance of this bill lies not in its length but in its scope—it's not targeting a specific asset class (such as previous single-asset regulation for stablecoins) but rather designing a top-level framework for the entire crypto ecosystem. Complexity indeed exists, but this is a sign of thoroughness.

Why is this considered a market turning point? The key lies in the attitude of institutional funds. A well-regulated regulatory framework plays a crucial role in boosting confidence among traditional financial institutions. Wall Street has always pursued certainty and compliance. Once the policy framework becomes clear, institutional-level capital has a reason to enter the market on a large scale. Currently, the US is facing pressure from the flow of crypto talent, which indirectly accelerates the legislative process. According to the relevant timetable, substantial progress is expected earlier this year.

The market faces two-stage opportunities: in the short term, the bill itself is expected to become a hot topic for speculation, and projects and assets that openly align with compliance will be the first to attract market attention. In the long term, once institutional funds truly enter, market liquidity and trading characteristics will change—volatility of mainstream coins may decrease, and tracks with compliance genes (such as RWA and structured stablecoin products) will receive more allocation favor.

Risks to watch out for: policy implementation may be accompanied by short-term market adjustments. Small-cap coins that do not meet the new framework requirements may face liquidity risks. During this phase, it is advisable to avoid such high-risk assets and instead hold more certain leading assets.

Three-step approach for ordinary investors: First, use the current window to clean up your position structure, replacing small-cap exposures with mainstream coins and high-quality projects in compliant tracks. Second, retain some cash positions (around 30%) to provide buying opportunities during potential dips. Third, avoid chasing highs. Speculative activities will inevitably be accompanied by profit-taking, so be patient and wait for the market to rebalance before re-entering.

Ultimately, the CLARITY Act is not a gamble for quick profits but a signal of market ecosystem upgrading. The core strategy is to allocate funds into asset classes that can attract institutional inflows. The normalization of the crypto market is an inevitable trend. Adjusting your position structure in advance and following the rules will enable steady growth during this cycle.