Bitcoin Rally Sparks Debate Over Whether CLARITY Act Impact Is Already Priced In

As bitcoin surged to $72,000 this week, OKX Europe CEO argued that money previously flowing into AI and semiconductor stocks is beginning to rotate back into crypto, contributing to the market finding a bottom. His comments came shortly before bitcoin broke out of its recent trading range, receiving an additional boost after President Trump renewed calls for Congress to pass the CLARITY Act.

Ghoos Sees Regulation as a Catalyst, Not a Ceiling

Ghoos said passage of the CLARITY Act could reignite enthusiasm and institutional trust in crypto, both within the US and globally, pointing to growing institutional interest, clearer regulation on both sides of the Atlantic, and improving DeFi accessibility as signs the industry is nearing broader mainstream adoption.

Regulation Reshaping the Exchange Landscape

Ghoos has previously predicted that a majority of crypto exchanges would fail to survive under Europe’s MiCA framework due to compliance costs, a forecast that has largely played out, with authorized firms in Europe dropping sharply from over 3,000 to roughly 244 by late June.