Eleanor Terrett: If the parties can reach a benefit agreement, the CLARITY bill may still move forward.
TL;DR
The CLARITY bill may advance if banks, Coinbase, and Democrats agree on yield, with tokenization issues no longer a major obstacle. Ongoing discussions between the White House and Senate could influence progress, and bipartisan agreement in the Agriculture Committee might streamline the Banking Committee's process.
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Odaily Odaily reports that crypto journalist Eleanor Terrett, writing on the X platform, stated that industry participants, legislators, and staff are assessing future developments following the US Senate's cancellation of the CLARITY review hearings. Some industry figures and Banking Committee staff believe that the bill could still move forward if the relevant parties (banks, Coinbase, and Democrats) can reach an agreement on yield in the coming days.
Regarding the issue of tokenized securities (Section 505), it no longer appears to be a core obstacle, as tokenization companies believe Coinbase's objections are taken out of context, and stakeholders, including Coinbase CEO Brian Armstrong, want significant changes or complete removal of the clause. Furthermore, discussions between the White House and the Senate are ongoing. Regarding whether the postponement of the Banking Committee meeting will affect the Agriculture Committee's timeline, sources indicate the order is not important; if the Agriculture Committee can reach a bipartisan agreement, it could streamline the Senate Banking Committee's process. Previously, the House Agriculture Committee passed portions of the Clarity Act by a 47-6 bipartisan vote, subsequently providing support to the House Financial Services Committee.