Tom Lee: "The 'Crypto Spring' has already begun, and the compromise plan for the 'CLARITY Act' is basically acceptable."

BlockBeats News, May 4, Bitmine Chairman Thomas “Tom” Lee said:

The U.S. Senate has released a compromise text of the CLARITY Act. Although the bill prohibits earning profits based on stablecoin reserves, it allows for providing activity-based “rewards,” seeking a balance between protecting the needs of existing deposit institutions (i.e., traditional banks). This compromise plan is basically acceptable to us, and we hope the bill can be passed in 2026. Currently, the prediction market Polymarket shows that the probability of the bill being passed in 2026 has exceeded 60%, the highest level in a month.

“Crypto spring” has begun. As in past cycles, even as crypto prices strengthen, investors’ sentiment and confidence remain low and somewhat pessimistic. We believe that the potential passage of, or even the rejection of, the CLARITY Act will confirm the arrival of crypto spring. Regarding the drivers that will push crypto assets higher in the future, Ethereum (ETH) is continuing to benefit from two tailwinds: first, Wall Street tokenizing on the blockchain; second, the growing demand from proxy AI systems for open, neutral blockchains.

Ethereum remains the most widely used and reliable smart-contract blockchain in the tokenization space, and it is very well suited for the emerging proxy-based businesses. 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 proven this role. Since the war began, ETH has outperformed the S&P 500 Index by 1,380 basis points, and it is still one of the best-performing assets globally (second only to oil prices).

In the past four weeks, Bitmine has maintained an accelerated pace of buying ETH each week because our fundamental judgment is that ETH is in the final stage of a “mini crypto winter.” In the past week alone, we added another 101,745 ETH, continuing our aggressive accumulation strategy.