Status of the CLARITY Act: Industry still holds hope after the vetoed hearing

robot
Abstract generation in progress

【Blockchain Rhythm】On January 16th, the industry and outside observers are still digesting what happened yesterday regarding the U.S. Senate Banking Committee’s cancellation of the revision hearing for the “CLARITY Act.” Many participants are disappointed with how the process was handled, but the mood has not fully turned pessimistic.

Several industry professionals and committee staff involved have shared a common thought: there is still hope. As long as in the next few days, banks, a major exchange, and Democratic lawmakers can reach an agreement on the yield issue, the bill is “very likely” to resume the review process. This has given some industry insiders a chance to breathe.

In the area of tokenized securities, there have been new developments. On one hand, tokenization companies have clarified that the concerns raised by a major exchange about certain clauses were actually misinterpreted. On the other hand, multiple stakeholders, including well-known industry figures, have expressed hope that the clauses might be significantly amended or even completely removed. This indicates that the issue of tokenized securities is gradually fading from the spotlight, and relevant parties seem to have found a way to bypass this obstacle.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
LiquidityOraclevip
· 11h ago
The cancellation of the hearing doesn't mean there's no hope; this wave can still turn around.
View OriginalReply0
DiamondHandsvip
· 11h ago
Everyone said there was no hope, but it can still turn around. This move is really brilliant... As long as all parties stop fighting each other, there is hope.
View OriginalReply0
PaperHandsCriminalvip
· 11h ago
Even if the hearing is canceled, there's still a chance to turn things around. This move truly was a last-minute save at the brink of disaster.
View OriginalReply0
WalletInspectorvip
· 11h ago
Ha, the hearing was cut, and some people still say "there's still a chance," this generation of politicians really know how to play. --- Profitability issues are blocking? Typical Washington delay tactics, anyway, a compromise will be reached in the end. --- Tokenization companies come out to clarify the misunderstood terms... I've seen this trick too many times. --- Wait, are Democratic lawmakers now standing together? Now that's big news. --- It's always "very likely," that phrase has become tiresome in the crypto world. --- What are the major exchanges worried about? Is it the profit distribution being blocked? Be clear. --- As long as the bill isn't dead yet, it's fine. Anyway, CLARITY will come sooner or later.
View OriginalReply0
GhostAddressHuntervip
· 11h ago
Once the hearing is canceled, they start to talk down about it. These people are really something. It's all just a game of negotiation; in the end, compromise is still necessary. Wait, can the yield rate really be negotiated? Feels uncertain. It's not surprising that tokenized securities are being misinterpreted; after all, the terms are so complicated. It's always "very likely," how many times have we heard this before? But it's not completely over; this time, it really feels like there's a chance.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)