Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
CFD
U.S. stock CFD derivatives
US Stocks
Access real US stocks and ETFs
HK Stocks
Trade quality Hong Kong-listed stocks
Korean Stocks
SK Hynix
Real Korean stocks and top assets
Stock Futures
High leverage, 24/7 trading
Tokenized Stocks
Backed by real stock assets
IPO Access
Unlock full access to global stock IPOs
GUSD
Mint GUSD for Treasury RWA yields
Stocks Activities
Trade Popular Stocks and Unlock Generous Airdrops
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
IPO Access
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
Jefferies: The CLARITY Act Faces Key Senate Test, May Intensify Crypto Market Volatility
Jefferies pointed out that although the bill previously passed the Senate Banking Committee with a bipartisan vote of 15 to 9, with only about 20 legislative days left before the August congressional recess, the Senate still needs to complete bill consolidation, procedural votes, reconcile with the House version, and submit to the president for signature, making the timeline extremely tight. Polymarket data shows that the probability of the bill passing by the end of 2026 has dropped from 70% in mid-May to 48%.
Jefferies believes that if the bill passes smoothly, it will establish a clear regulatory framework for digital assets, prompting banks, asset management institutions, and exchanges to accelerate their deployment of tokenized assets, custody, staking, lending, and other services, and promote more crypto ETFs and IPOs of crypto infrastructure companies. If legislation is delayed, it could prolong regulatory uncertainty, causing traditional financial institutions to slow down their blockchain business progress.
The report expects that the legislative process will continue to affect the market performance of crypto concept stocks including Circle (CRCL), Coinbase (COIN), Bullish (BLSH), and some crypto assets. Jefferies also pointed out that in the long run, compared to regulatory changes, the greater challenge for stablecoin issuer Circle still comes from competition from banks, fintech, and payment companies.