From ETFs to strategic reserves, the next policy benefit at the same level is the CLARITY Act. White House AI and cryptocurrency affairs head David just stated that it is expected to be reviewed in the Senate next month. This law was already passed by a large majority in the House of Representatives in July this year. Currently, it seems there should be no major issues with the Senate vote. If it continues to pass, it will be signed into law by the President and take effect. The most important aspect of the CLARITY Act is that it directly classifies BTC, ETH, and other cryptocurrencies as commodities rather than securities, removing regulation from the SEC and assigning it to the CFTC. Many people ask, since the SEC already has loose regulation, wouldn't this law be of little use? Actually not. Simply put, the current asset classification for gold and oil is that they are commodities regulated by the CFTC, while BTC and ETH have always been in a gray area under SEC regulation. If the CLARITY Act passes, purchasing BTC and ETH will be equivalent to buying gold and oil. Regulatory restrictions have become a barrier for conservative funds such as local pension funds, social security funds, and corporate annuities to buy cryptocurrencies. These funds find it difficult to flow in. If BTC and ETH are officially allocated to CFTC regulation, it will release a lot of potential purchasing capital. Additionally, it will also remove obstacles to the legitimacy of many companies hoarding BTC and ETH. For example, it is very normal for a company to hoard commodities like gold, oil, cotton, and wheat, right? No one would criticize that. In the future, the same will apply to BTC and ETH.