<div class="share___SVvtl"><div>Author: Charlie Liu, Partner, Generative VenturesOver the past week, the crypto industry finally witnessed a moment that should theoretically excite everyone.The U.S. Senate Banking Committee advanced the CLARITY Act. This market structure bill, which the industry has been waiting for for many years, has finally taken a step forward from the shadow of endless arguments, hearings, lobbying, lawsuits, and enforcement. Following the narrative logic of the past few years, this should have been a collective celebration for crypto stocks. Clearer regulations, institutional entry, valuation reassessment, and a continuation of the bull market. The familiar four-piece set, like an appetizer that is always served up again in every round of market activity.</div></div>

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MARA

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The U.S. Senate Banking Committee has advanced the CLARITY Act, a significant market structure bill for the crypto industry. Despite expectations for a rally in crypto-related stocks due to clearer regulations and potential institutional entry, the anticipated celebration did not materialize, leaving industry stakeholders questioning the lack of market response.

- The U.S. Senate Banking Committee advanced the CLARITY Act, marking a significant step for the crypto industry after years of disputes and lobbying.  
- This market structure bill is anticipated to lead to clearer regulations, allowing for institutional entry and potential reassessment of valuations.  
- The development is viewed as a potential catalyst for a bull market in crypto stocks, although past narratives suggest caution in celebration.

CoinLive

Grayscale Litecoin Trust (LTC)

Mara

Bitdeer Tech

Terawulf

Hut 8 Mining

Bit Digital

Galaxy Digital

Block

BTCS

Circle

Canaan

Coinbase

Bitfarms Canada

HIVE Digital Tech

Grayscale Ethereum Staking ETF

Robinhood

Bakkt

Core Scientific, Inc.

CleanSpark

American Bitcoin

Valkyrie Bitcoin and Ether Strategy ETF

Grayscale Bitcoin Miners ETF

Leverage Shares 2X Long COIN Daily ETF

ProShares CoinDesk 20 Crypto ETF

VanEck Bitcoin ETF

Bitwise Ethereum ETF

Grayscale Ethereum Mini Staking ETF

Fidelity Wise Origin Bitcoin Fund - ETF

Franklin Ethereum ETF

GraniteShares 2x Long COIN Daily ETF

Schwab Crypto Thematic ETF

Fidelity Crypto Industry And Digital Payments ETF

YieldMax COIN Option Income Strategy ETF

Bitwise Bitcoin Std Corporations ETF

Defiance Daily Target 2X Long RIOT ETF

Valkyrie Bitcoin Miners ETF

Franklin Bitcoin ETF

Bitwise Crypto Innovators ETF

GraniteShares 2x Long MARA Daily ETF

ProShares Ultra Bitcoin ETF

Bitwise Solana Staking ETF

CoinShares Bitcoin ETF

WisdomTree Bitcoin Fund

Siren ETF Trust Siren Nasdaq NexGen Economy ETF

iShares Bitcoin Trust ETF

Invesco Alerian Galaxy Crypto Economy ETF

Amplify Transform Data Sharing ETF

Roundhill COIN WeeklyPay ETF

Global X Blockchain ETF

iShares Blockchain And Tech ETF

Proshares Bitcoin & Ether Strategy ETF

Fidelity Ethereum Fund

VanEck Ethereum ETF

21Shares Ethereum ETF

Invesco Galaxy Bitcoin ETF

Direxion Daily Crypto Industry Bull2XETF

Inv Alerian Galaxy Blockchain Users & Decentralized Com ETF

YieldMax Short COIN Option Income Strategy ETF

IShares Ethereum Trust ETF

Bitwise Bitcoin ETF

Roundhill MSTR WeeklyPay ETF

ProShares UltraShort Bitcoin ETF

Invesco Galaxy Ethereum ETF

GraniteShares 2x Short COIN Daily ETF

ARK 21Shares Bitcoin ETF

ProShares Bitcoin Strategy ETF

Grayscale Solana Staking ETF

Why didn't the CLARITY Act trigger a rally in crypto-related stocks?