#Gate广场五月交易分享 Lack of regulatory clarity, "Clear Act" passes key vote

Washington, May 14 — The U.S. Senate Banking Committee officially approved the "Digital Asset Market Clarity Act" (Clarity Act) with a 15:9 vote, marking a breakthrough that signals the end of the gray area in U.S. crypto regulation and bringing significant benefits to Bitcoin. The bill explicitly classifies Bitcoin as a "digital commodity" under CFTC jurisdiction, clarifying the regulatory boundaries between SEC and CFTC, and ending long-standing jurisdiction disputes.
It is reported that the bill will next go to a full chamber vote, with the Trump administration setting July 4th as the target date for presidential signing. The market estimates a roughly 75% chance that it will become law by the end of 2026.
Regulatory clarity will clear obstacles for institutional capital to enter compliantly. Currently, Bitcoin ETF total assets have surpassed $100 billion, with a net inflow of about $1.97 billion in April. As the bill progresses, the pace of institutional capital entering is expected to accelerate further.
Institutions and whales buy aggressively, chips continue to concentrate
Latest data shows that institutions and whales are continuously increasing their Bitcoin holdings, becoming the core drivers of price increases. The world's largest publicly traded Bitcoin holder, Strategy (formerly MicroStrategy), disclosed that from May 4 to 10, it added about 53,500 Bitcoin with an investment of approximately $43 million, at an average purchase price of about $80,340. Its total holdings have now exceeded 818,000 BTC.
On-chain data indicates that over the past 30 days, whale addresses holding more than 1,000 Bitcoin have net accumulated over 140,000 BTC, the largest single-round accumulation in nearly two years; meanwhile, "believer buyers" of Bitcoin have increased their holdings to nearly 4 million BTC, a 300% increase since the end of 2025. At current prices, this capital is worth about $320 billion. In contrast, retail small addresses have decreased holdings, with market chips shifting from retail to institutions and whales, making the structure increasingly healthy.