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Bitmine Chairman Tom Lee stated that even if the CLARITY bill fails to pass, the cryptocurrency market will continue to rise, and market demand is more important than a single bill. The original plan of the CLARITY Act was to establish a regulatory framework for the cryptocurrency industry and empower the US Commodity Futures Trading Commission (CFTC) with regulatory responsibilities. Even if the bill fails, the US Securities and Exchange Commission (SEC) and CFTC will still serve as the main federal regulatory agencies for the cryptocurrency industry. Tom Lee uses forecasting and sports markets as examples to illustrate how these areas continue to grow despite regulatory uncertainty.