[CoinShares: SEC's Innovative Exemptions Will Continue Driving TradeFi On-Chain, But High Yields Still Suppress Bitcoin] BlockBeats News, September 29, CoinShares stated in its latest report that the U.S. 'CLARITY Act' failed to advance in the Senate, cooling short-term expectations for crypto market structure legislation. However, the integration of traditional finance with on-chain infrastructure continues. The report noted that regulatory obstacles have not disrupted corporate investments in the fields of payments, stablecoin distribution, and tokenized securities, with the market advancing institutionalization through practical business collaborations. CoinShares highlighted several recent TradeFi-related developments in the crypto space, including the New York Stock Exchange and ((Blockchain.com)) exploring 24-hour trading channels for tokenized U.S. stocks and ETFs, ICE establishing a bidirectional data partnership with ((Blockchain.com)), and Circle expanding its five-year collaboration with Binance while securing a $100 million strategic investment to promote USDC distribution. CoinShares believes these initiatives, along with the SEC's recent innovative exemptions, will continue driving the on-chain transformation of trading, payment, and settlement infrastructures. Market performance indicates that crypto assets have temporarily withstood dual pressures from regulation and interest rates. CoinShares' data shows its blockchain equity index rose 1.9% last week, while Bitcoin increased by 3.8%. However, the U.S. dollar climbed to an eight-week high, the 10-year U.S. Treasury yield surpassed 5.2%, and oil prices remain supported by Middle East tensions, suggesting that the macro environment remains unfavorable for liquidity-sensitive assets.