The Chinese crypto community isn't paying enough attention to the 'Clear Act,' let alone understanding what it really means. Simply put, the Clear Act is most beneficial for altcoins. With this act, altcoin project teams will know how to exploit loopholes and design their projects to fall under the jurisdiction of the CFTC, without worrying about SEC enforcement. BTC and ETH already have their statuses clarified, so the Clear Act benefits them far less compared to altcoins that haven't been officially recognized yet. Now you know why in this market cycle, altcoins are performing way better than before!