Clarity bill was scrapped, but the SEC is actually pushing ahead with speed? | Kim Dong-hwan, Seo Dong-ju, Park Sang-hyuk, Digital Asset Editor-in-Chief

Clarity bill was scrapped, but the SEC is actually pushing ahead with speed? | Kim Dong-hwan, Seo Dong-ju, Park Sang-hyuk, Digital Asset Editor-in-Chief [Crypto PLUS]
Watch on YouTube ↗  |  September 18, 2026 at 02:46  |  34:00  |  3PRO TV (삼프로TV)
Speakers
Park Sang-hyuk — Editor

Summary

Park Sang-hyuk, Digital Asset Editor-in-Chief, reviews a crypto market rebound after the FOMC meeting and the failed Clarity Act vote. He highlights SEC and CFTC rulemaking moves on tokenized stocks and wallet services, JPMorgan's conditional BTC-versus-gold short thesis, Zcash's sharp rally, and Korean regulatory scrutiny of Polymarket.

  • Crypto and risk assets rose after the Fed hike met expectations and the failed Clarity Act vote was not seen as worst case.
  • The SEC issued a conditional exemption for tokenized-stock trading, favoring issuer-led models while giving companies a veto over third-party tokenization.
  • The CFTC expanded relief for wallet providers that offer trading services without becoming registered intermediaries.
  • JPMorgan said Bitcoin could outperform gold if its heavy short positioning and hedging-related shorts unwind.
  • Zcash rallied sharply on ETF inflows, DCG-related accumulation, supply-scarcity talk, Paradigm investment, and short liquidations.
  • Korean authorities are investigating Polymarket users for gambling, while other jurisdictions continue to debate prediction-market legality.
  • Oil moved on Middle East supply disruption and Saudi workaround news, with futures reacting more to headlines than physical flows.
Ideas
Park Sang-hyuk Editor 12:44
Tokenized-stock relief favors altcoins
The failure of the Clarity Act is not the end for crypto regulation: the SEC and CFTC signaled they will proceed through rulemaking. The SEC's conditional exemption for tokenized stocks is more relevant to altcoins than Bitcoin because it opens a regulated path for tokenized equities and crypto infrastructure, while the CFTC's wallet-service relief reduces intermediary risk for wallet providers. However, the SEC's company-veto condition and tiered volume caps make the ultimate impact ambiguous.
ALTCOINS MED
Park Sang-hyuk Editor 16:16
Securitize benefits from tokenized-stock exemption
The SEC's conditional exemption for tokenized-stock trading directly favors Securitize because its issuer-led tokenization model is allowed, while third-party tokenizers face a 30-day company veto. Securitize's share/token price rose about 20% intraday, and a sudden large RWA inflow on Avalanche increased its managed revenue by roughly 600%. The speaker does not own it but sees potential for similar near-term moves.
SECZ MED
Park Sang-hyuk Editor 21:56
Bitcoin short unwind may outperform gold
Bitcoin underperformed gold and Nasdaq recently due to the Clarity Act failure and its sensitivity to liquidity, but JPMorgan noted BTC has heavier short positioning and hedging-related shorts than gold. If that short overhang unwinds, BTC could rise more than gold. The speaker sees the current price as satisfactory given the regulatory noise.
BTC MED
Park Sang-hyuk Editor 26:00
Zcash squeeze depends on short liquidations
Zcash jumped about 32% weekly on spot ETF inflows, DCG and cypherpunk DAT involvement, a vote establishing halving-related supply scarcity, Paradigm's strategic investment, and heavy short liquidations. Its next move depends on DCG's actions and whether more shorts are squeezed; if shorts clear, price could stabilize or see a sharp correction, so volatility risk is high.
ZEC HIGH
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This 3PRO TV (삼프로TV) video, published September 18, 2026, features Park Sang-hyuk discussing ALTCOINS, SECZ, BTC, ZEC. 4 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Park Sang-hyuk  · Tickers: ALTCOINS, SECZ, BTC, ZEC