TechFlow News, February 11: According to a report by Crowdfundinsider, Xin Yan, Co-Founder and CEO of Sign, commented on the postponement of the CLARITY Act following Coinbase’s withdrawal of support. Yan stated that both the U.S. CLARITY Act and Europe’s MiCA regulation reflect a global trend whereby governments have shifted from ignoring cryptocurrencies to actively engaging with them.
Yan noted that these regulatory frameworks mark the end of the speculative era and the beginning of the utility-driven era. He explained that clear regulatory frameworks will provide certainty for traditional finance, and once critical issues—such as custody—are resolved, they will attract substantial capital currently waiting on the sidelines. Regarding Coinbase’s decision to withdraw its support, Yan believes it reflects the growing influence of crypto projects in the legislative process, signaling that the crypto industry is increasingly accepted by mainstream investors and officials. He emphasized that blockchain technology is ready for real-world applications—the only remaining requirement is the finalization of regulatory rules.
