Looks like the Q4 cycle is being set up as one driven by a strong regulatory theme.

At the macro level, the pending vote on the CLARITY Act has kept markets on edge for months and, if passed, would provide one of the most powerful bridges between TradFi and DeFi in crypto’s history. As such, the news that the UK’s FCA will outline potential reforms for tokenized gold on Monday comes as no surprise, and adds to the growing list of things to watch in the regulatory space for digital assets.

That said, the impact could still be significant. AMBCrypto recently reported that XAUT’s market share of the RWA market has reached a record 11%.

But the bigger story may be the overall growth of tokenized gold assets, which shows the speed at…