"The Crypto Spring" has begun, and the "CLARITY Act" compromise plan is basically acceptable

On May 4th, Bitmine Chairman Thomas "Tom" Lee stated:
The U.S. Senate has released the compromise text of the "CLARITY Act." Although the bill prohibits certain earnings based on stablecoin reserves, it allows for the provision of activity-based "rewards," seeking a balance between protecting existing deposit institutions (i.e., traditional banks). This compromise plan is generally acceptable to us, and we hope the bill will be passed in 2026. Currently, the prediction market Polymarket shows that the probability of the bill passing in 2026 has exceeded 60%, the highest in a month.

"The Crypto Spring" has begun. Like previous cycles, even when crypto prices are strengthening, investor sentiment and confidence remain subdued and pessimistic. We believe that the potential passage or even rejection of the "CLARITY Act" will confirm the arrival of the crypto spring. Regarding the driving forces behind future increases in crypto assets, Ethereum (ETH) continues to benefit from dual tailwinds: first, Wall Street tokenizing on the blockchain; second, the increasing demand for open, neutral blockchains by proxy AI systems.

Ethereum remains the most widely used and reliable smart contract blockchain in the tokenization space, and it is very suitable for the emerging proxy business. We increasingly believe that ETH will be regarded both as a store of value and as a medium of exchange. Since the outbreak of the Iran war, ETH's performance has demonstrated this role. Since the war began, ETH has outperformed the S&P 500 index by 1,380 basis points and remains one of the best-performing assets globally (second only to oil prices).

Bitmine has maintained an accelerated pace of buying ETH every week over the past four weeks because our fundamental judgment is that ETH is in the final stage of a "mini crypto winter." In the past week, we added another 101,745 ETH, continuing our aggressive accumulation strategy. #比特币ETF期权持仓限额增4倍