From ETFs to strategic reserves, the next major policy boost at the same level is the CLARITY Act. David, the White House lead on AI and cryptocurrency affairs, just stated that the Act is expected to be reviewed in the Senate next month. Back in July, it passed the House with a significant majority vote, and it looks like the Senate vote shouldn’t face much resistance either. If it passes there, the President’s signature will make it official. The most important aspect of the CLARITY Act is that it directly classifies BTC, ETH, and similar assets as commodities rather than securities, shifting their oversight from the SEC to the CFTC. Some people are asking, “The SEC is already pretty lenient, so does this Act even matter?” Actually, it does. To put it simply, assets like gold and oil are currently defined as commodities and regulated by the CFTC, whereas BTC and ETH have been stuck in a gray area under SEC oversight. If the CLARITY Act passes, buying BTC and ETH will be akin to buying gold or oil. Regulatory restrictions have been a major barrier for conservative funds like local pension funds, social security funds, and corporate annuities, preventing them from investing in BTC and ETH. If BTC and ETH are officially handed over to CFTC regulation, it could unlock a lot of potential buying power. Additionally, it would clear up the legitimacy of companies stockpiling BTC and ETH. For instance, it’s perfectly normal for companies to stockpile commodities like gold, oil, cotton, or wheat—nobody questions it. In the future, BTC and ETH will be treated the same way.