The Clarity Act's three pillars are creating major waves across the industry. First, the SEC and CFTC split on jurisdiction—most see this as a step forward for clarity. But then you've got the stablecoin yield restrictions, which is genuinely frustrating. Banks have been lobbying hard on this one, and the crypto community's pushback is real.

The real nightmare? DeFi developer liability provisions. That's where things get messy.

Top players in the space aren't holding back—they're calling this 'worse than the status quo' in its current form. The good news: the regulatory framework got postponed. That buys time. The next few weeks are critical. This is basically the decision point for whether the US doubles down as a crypto hub or steps back. Developers, traders, and protocol teams are all watching closely to see which direction things actually go.