According to SharpLink Gaming CEO Joseph Chalom, three catalysts are needed for Ethereum’s price to regain momentum and skyrocket.
“One is the CLARITY Act that will be passed in the United States,” Chalom pointed out in an interview with Robert Baggs on Cointelegraph’s Chain Reaction show published on YouTube on Thursday. All 13 Republicans and two Democrats were announced on the same day. I voted To advance the Digital Asset Market Transparency Act (CLARITY) in the United States Senate Banking Committee Thursday meeting.
Chalom said that while many see the bill, which aims to increase transparency in the U.S. cryptocurrency industry, as an “American phenomenon,” it is also seen as a big signal for other jurisdictions around the world.
Other countries are noticing the US shifting away from its hostile stance towards cryptocurrencies
“I travel a lot in Asia, and when I go to South Korea, Hong Kong, Tokyo, Singapore, they’re watching very closely because they realize that the United States, which has had a hostile stance towards crypto assets and digital assets, has the potential to become a leader in the financial sector again. And you’re going to see a lot of financial activity red-dollarized. And these other capitals are very worried,” Chalom said.
Joe Shalom spoke to Cointelegraph’s Robert Baggs about Chain Reaction. sauce: cointelegraph
Chalom said the second trigger is a recovery in market risk appetite, which will largely depend on the easing of geopolitical tensions and the subsidence of the “AI theory.” “I think some of that needs to unwind for cryptocurrencies to rise again,” Chalom said.
Sharplink Gaming is the second largest publicly traded Ethereum financial company with approximately 861,251 shares. $ETHvalued at $1.89 billion at the time of publication, according to Ethereum Treasury data.
ether ($ETH) As part of the overall market uptrend, it reached an all-time high of $4,823 in August 2025, but has since fallen 55% to $2,190 at the time of publication. According to Go to Coin Market Cap.
Tokenization is where Ethereum “rules”
Chalom said the final Ethereum catalyst he is watching is the continued expansion of real-world asset tokenization.
“Tokenization of financial assets is an area where Ethereum will be mainstream,” Chalom said.
“I think there’s about 32 billion RWAs that have been tokenized. And tokenization started in 2017, so it was noticeably slow. Now we’re seeing announcements that entire fund complexes are being tokenized,” he said.
Several major asset management companies have recently made announcements related to tokenization.
Related: How the stablecoin market tripled from $100 billion to $300 billion in one year
On Wednesday, JPMorgan Launch the tokenized one Money market funds on Ethereum allow stablecoin issuers to hold reserves backing their stablecoins in a regulated cash-like medium while earning interest.
Franklin in March Templeton announced The company has partnered with Ondo Finance to bring a tokenized version of its exchange-traded funds on-chain, making it accessible to investors through their crypto wallets.
“A year from now, we could be in a world where there’s less than $30 billion in tokenized assets. It could be $500 billion or $1 trillion,” Chalom said.
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