Bullish CEO Tom Farley explains why he favors Clarity Act

Summary

Bullish CEO Tom Farley discusses the company one year after going public and says the opportunity has shifted from pure crypto to tokenizing global securities markets on public blockchains. He describes the current crypto environment as weak, with Bitcoin and total crypto market cap roughly halving. He also argues the Clarity Act would provide regulatory certainty and unlock another institutional wave, though its path remains difficult.

• Bullish marks one year since going public amid a much different crypto regime.
• Bitcoin fell from about $120,000 to about $60,000 and crypto market cap from about $4 trillion to $2 trillion.
• Farley sees tokenization of the $300 trillion global securities market on public blockchains as the company's core opportunity.
• He says pure crypto and meme coins look less like the future than global finance on blockchain rails.
• He favors the Clarity Act and sees it as a catalyst for institutional Bitcoin adoption.
• He calls stablecoin yield opposition absurd and notes DeFi/Trump-family ethics issues complicate the bill.