Bitmine Chairman Tom Lee stated in his latest cryptocurrency market assessment that "Crypto Spring" has begun, noting that the compromise text of the Clarity Act currently under review in the U.S. is generally acceptable for the industry.
Lee pointed out that the compromise text released by the U.S. Senate prohibits rewards on stablecoin reserves but allows for activity-based "incentives." He believes this approach strikes a balance between the traditional banking system and the crypto ecosystem. Lee mentioned that the likelihood of this regulatory framework becoming law by 2026 is steadily increasing. According to data from prediction platform Polymarket, the probability of the bill passing in 2026 has risen to over 60%, reaching its highest level in the past month.
Lee described the current market situation as "Crypto Spring," but he noted that despite rising prices, investor confidence remains cautious and fragile. In the analyst's view, the acceptance or rejection of the Clarity Act could serve as a significant catalyst for confirming the official start of this new cycle.
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Lee is particularly optimistic about Ethereum, highlighting that the asset benefits from two key factors: Wall Street's shift towards tokenization of blockchain assets and the increasing demand for open and neutral blockchains from AI systems. He stated that Ethereum is already the most widely used and trusted smart contract platform in the tokenization space, suggesting that ETH may ultimately serve a dual role as a store of value and a medium of exchange.
Discussing geopolitical developments, Lee emphasized Ethereum's performance following the Iran-Iraq War. He noted that since the war began, ETH has outperformed the S&P 500 by 1,380 basis points, making it one of the best-performing assets globally; only crude oil prices lag behind in this ranking.
Meanwhile, Bitmine is actively accumulating Ethereum. Lee explained that over the past four weeks, the company has been accelerating its purchases of ETH, adding 101,745 ETH to its portfolio just last week. He stated that this strategy is based on their fundamental analysis, believing that Ethereum is in the final stages of a "mini crypto winter."