Y Combinator: Calls for promoting the application of cryptography through the Clarity Act

Crypto World News reports that well-known startup accelerator Y Combinator said that in the future, all of its portfolio companies may use crypto technology—especially infrastructure such as stablecoins—rather than being limited to crypto or fintech startups. YC previously invested early in companies such as Airbnb, DoorDash, Coinbase, Stripe, Reddit, OpenAI, and Kalshi.

YC’s latest remarks are mainly a call for the U.S. Congress to pass the crypto market structure bill, the Clarity Act. YC believes that for the crypto industry to enter a new phase, it must achieve deeper integration with traditional financial institutions such as banks and brokerages, and the Clarity Act is expected to provide a regulatory basis for that integration. The bill would clarify whether digital assets are securities or commodities, establish a CFTC registration pathway, and stipulate that customer assets are considered the customers’ property in the event of bankruptcy. However, the outlook for the bill remains uncertain. Supporters believe it has a foundation for bipartisan cooperation, while opponents note limited support from Democrats, the upcoming midterm elections, and ethical controversies arising from Trump’s direct connections to the crypto industry—all of which could increase legislative resistance.