SharpLink CEO Says 3 Catalysts Could Lift Ethereum

Joseph Chalom, chief executive of SharpLink Gaming, outlined three developments he views as necessary for Ethereum’s price to regain momentum: passage of the CLARITY Act in the U.S., a broader return of market risk appetite, and a large expansion in tokenization of real‑world assets. He made the remarks in an interview published Thursday.

Chalom pointed to the Digital Asset Market Clarity Act, known as the CLARITY Act, as the first catalyst. The Senate Banking Committee advanced the bill Thursday with support from all 13 Republican members and two Democrats. Chalom said passage would give firms clearer rules to operate under and act as a policy signal to other financial centers.

He noted that financial hubs in Asia, including Seoul, Hong Kong, Tokyo and Singapore, are watching the U.S. regulatory stance closely and assessing whether policy changes shift where digital‑asset activity concentrates.

The second factor Chalom flagged is a return of risk appetite in financial markets. He said easing geopolitical tensions and a cooling of intense focus on artificial intelligence would help lift demand for higher‑risk assets, including crypto. “I think we’ll need some of that to go away in order to see crypto rise again,” he said.

SharpLink is a major corporate holder of Ether, with an Ethereum treasury of about 861,251 ETH, a stake valued at roughly $1.89 billion according to Ethereum Treasuries data. Ether reached an all‑time high near $4,823 in August 2025 and was trading around $2,190 at the time of Chalom’s comments.

The third catalyst Chalom highlighted is expanded tokenization of financial assets on blockchains. He described tokenization as an area where Ethereum would dominate and estimated current tokenized assets at roughly $30–32 billion. “You could see a world where there’s not $30 billion in tokenized assets in a year from now. It could be $500 billion or a trillion,” he said.

Recent institutional moves illustrate the trend: a major bank filed to launch a tokenized money market fund on Ethereum, and an asset manager announced plans to bring exchange‑traded funds on‑chain through a tokenization partner.

Chalom linked the three developments, saying clearer regulation could attract institutional flows, better market conditions would raise appetite for crypto exposure, and more tokenized financial products would increase on‑chain demand for Ether.