The market is now underestimating the Clarity Act, just like the underestimated Genius Act of GENIUS. Fortunately, one year after the legislation, the genius bill has already submitted a response. We can deduce what the clear bill will bring after it is passed. --Actual changes in GENIUS Act after one year. The GENIUS Act brought stablecoins from the gray zone into the formal regulatory framework, directly giving rise to two major changes: One is that the issuing entity has shifted from a "duopoly" to a diversified ecosystem. Tether launches compliant USAT to fill the gaps in the United States, while Circle, Paxos, Ripple, BitGo, and others have obtained OCC federal licenses; SoFi, Revolut launched white label stable currency, Visa, Mastercard, Stripe and other 140 institutions jointly launched the Open USD alliance, and Trump family related projects USD1 also quickly reached the scale of billions of dollars. Secondly, there has been a significant increase in both volume and transaction volume. The total market value of stablecoins has risen from approximately $211 billion at the beginning of 2025 to a new high of $322 billion in June 2026. USDT and USDC continue to expand their market share, while emerging stablecoins such as USDS, USD1, USDe, USDG, PYUSD, and RLUSD are also rapidly expanding. The overall annual transaction volume has reached trillions of dollars, and the proportion of real payments, cross-border settlements, and RWA use cases continues to increase. These are quantifiable and observable changes, proving that clear regulation can quickly translate into market growth and institutional adoption. --One year after the clear bill is passed, the cryptocurrency industry may be like this. The Clear Bill is a broader digital asset market structure bill than GENIUS, with a core focus on clarifying the classification of digital commodities and securities, the regulatory division of CFTC/SEC, and the protection of exchanges and DeFi. It complements GENIUS: one manages the issuance of stablecoins, and the other sets the rules for the entire market. If passed in 2026, the following changes are expected to occur one year later: 1) The scale of stablecoins continues to accelerate its expansion. On the basis of GENIUS, overall market certainty will further stimulate institutional adoption. The total market value of stablecoins in 2027 is expected to reach another level on the current $320 billion basis, and in an optimistic scenario, it may exceed $1 trillion. New issuers continue to emerge, and the proportion of real use cases such as RWA settlement and on chain payments is increasing, leading to a new high in transaction volume. 2) BTC, ETH, SOL and other mainstream assets have obtained legal commodity attributes The clear bill specifies that these assets are digital goods and allows banks to consider related activities as' financial activities'. Banks can directly hold BTC, ETH, SOL, etc. on their balance sheets, rather than indirectly allocating them through ETFs. ETH staking and other mechanisms can also be legalized more smoothly, and institutional capital will flow in on a large scale. 3) Perp DEX and RWA/DeFi welcome new growth Hyperliquid, Lighter, and other Perp DEX have gained regulatory certainty, and innovative products such as RWA perpetual contracts will accelerate their development. At the same time, the lowering of the threshold for RWA on chain will drive DeFi into a second wave of growth, and the deep integration of traditional finance and on chain ecology will bring new liquidity and use cases. In short, the performance of the GENIUS Act one year later has proven that once a clear bill is passed, its impact will be broader and beyond the imagination of many people. At present, the market is underestimating the magic of clear laws, but this is giving us a window of opportunity to lay out the future, isn't it?