Bitget Plans U.S. Market Entry Regardless of CLARITY Act Passage

Seychelles-registered crypto exchange Bitget is reviving plans to enter the U.S. market through a regulated, independent local entity. CEO Gracy Chen confirmed the expansion will proceed regardless of whether Congress passes the CLARITY Act. Bitget is seeking money-transmitter, derivatives, and broker-dealer licenses, and is in talks with NYSE and Nasdaq to distribute tokenized traditional assets, which already drive 20% to 30% of its spot trading volume.

Bitget U.S. market entry

• ▪Bitget CEO Gracy Chen stated that the exchange's decision to enter the United States market is not contingent on the passage of the CLARITY Act.
• ▪Bitget plans to enter the United States market through a regulated, independent, U.S.-based entity.
• ▪Bitget previously abandoned plans to launch a United States operation in 2022 due to regulatory challenges following the collapse of FTX.

Money transmitter license requirements

• ▪Bitget EU submitted a MiCAR application to Austria's Financial Market Authority in June 2026, which remains under review.
• ▪Bitget plans to secure money-transmitter, derivatives, and broker-dealer approvals before launching services to United States users.

Tokenized stock trading volume

• ▪Bitget's tokenized-stock products accumulated more than $100 million in assets within their first month of launching.
• ▪Traditional assets accounted for 20% to 30% of Bitget's spot trading volume in the quarter preceding July 2026.
• ▪Approximately 52% of Bitget's users hold both cryptocurrency and traditional stocks.

NYSE Nasdaq partnership discussions

• ▪Bitget's tokenized asset strategy in the United States requires cooperation with licensed broker-dealers, exchanges, and real-world asset issuance providers.
• ▪Bitget is in discussions with the New York Stock Exchange and Nasdaq regarding potential collaboration to distribute tokenized traditional assets.

CLARITY Act passage uncertainty

• ▪Bitget CEO Gracy Chen expressed pessimism regarding the passage of the CLARITY Act by Congress before the upcoming midterm elections.
• ▪The CLARITY Act faces legislative hurdles in the Senate, where it requires sufficient Democratic support to meet a 60-vote threshold.
• ▪President Donald Trump agreed to ethics provisions in the CLARITY Act that would temporarily ban public officials from issuing or sponsoring digital assets until 2029.