US Clarity Act could be crypto's biggest turning point, says firm

The passage and implementation of the U.S. Clarity Act would be the most significant inflection point in the history of the cryptocurrency market, according to a new report from Asian Web3 research and consulting firm Tiger Research. The firm argued that the act's implementation would extend beyond the U.S., as resolving regulatory uncertainty would pave the way for institutional capital to enter the market. The report identified the potential for scale-ups and mass adoption as key advantages, while citing increased costs and a slowdown in innovation as potential drawbacks. Tiger Research highlighted several promising business areas that could emerge, including: - Exchanges and crypto apps - Large-scale traffic platforms and traditional card companies - DeFi - Token issuance infrastructure platforms - Issuance advisory firms and large-scale venture capital - Qualified investor matching services