[Sign Co-Founder Xin Yan Comments on CLARITY Act Delay as a Staged Process in Crypto Regulation Development] Sign Co-Founder and CEO Xin Yan shared his perspective on the CLARITY Act being delayed due to Coinbase withdrawing its support. He believes that the U.S. CLARITY Act and Europe’s MiCA regulations reflect a global trend of governments shifting from neglecting cryptocurrencies to actively engaging with them. He stated that these regulatory frameworks signify the end of the speculative era and the beginning of the era of utility. Clear regulatory frameworks will provide certainty for traditional finance, and after resolving issues like custody, they may attract significant capital inflows. Yan believes Coinbase’s withdrawal of support highlights the growing voice of crypto projects in the legislative process. The crypto industry is being increasingly accepted by mainstream investors and officials, and blockchain technology is ready to achieve real-world application scenarios.