Sign co-founder says the postponement of the CLARITY Act is a phased process in the development of crypto regulation

Sign co-founder and CEO Xin Yan commented on the postponement of the CLARITY Act due to the withdrawal of support from a certain exchange, stating that the CLARITY Act in the United States and the MiCA regulation in Europe reflect a global trend of governments shifting from ignoring cryptocurrencies to actively engaging with them. He noted that these regulatory frameworks mark the end of the speculative era and the beginning of an era of utility. Clear regulatory frameworks will provide certainty for traditional finance, and after issues such as custody are resolved, a large influx of capital may be attracted. Yan believes that the withdrawal of support by a certain exchange reflects the increasing voice of crypto projects in the legislative process. The crypto industry is being accepted by mainstream investors and officials, and blockchain technology is ready for real-world applications.