Tom Lee: Crypto Market Can Keep Rising Even If CLARITY Act Fails

Lee's argument reframes the CLARITY Act as a nice-to-have rather than a prerequisite, which matters because much of the sector's recent lobbying has treated comprehensive legislation as the gate to institutional adoption. His pointed reference to prediction and sports markets suggests demand is already routing around the absence of a statutory framework, leaving the SEC and CFTC to regulate by enforcement and guidance. The open question is whether that patchwork proves durable if a future regulator takes a harder line, or whether it simply reflects a permissive moment that legislation would have locked in.