Svmuu reported that renowned startup accelerator Y Combinator stated that in the future, all of its portfolio companies may utilize crypto technology, particularly infrastructure like stablecoins, and this will not be limited to crypto or fintech startups.
YC has previously invested in early-stage companies such as Airbnb, DoorDash, Coinbase, Stripe, Reddit, OpenAI, and Kalshi. Its latest statement primarily urges the U.S. Congress to pass the crypto market structure bill, the "Clarity Act."
YC believes that for the crypto industry to enter a new phase, it must achieve deeper integration with traditional financial institutions such as banks and brokerages. The Clarity Act is expected to provide the regulatory foundation for this integration. The bill aims to clarify whether digital assets are securities or commodities, establish a registration pathway with the CFTC, and stipulate that customer assets belong to the customers in the event of bankruptcy.
However, the prospects for the bill remain uncertain. Supporters argue that it has a bipartisan foundation, while opponents point out limited support from Democrats, the approaching midterm elections, and ethical controversies arising from Trump's direct association with the crypto industry. These factors could all increase legislative resistance.