The U.S. Senate Banking Committee recently announced the postponement of the CLARITY Act review, a highly anticipated crypto regulation bill that has been shelved due to widespread industry opposition and bipartisan disagreements.
According to the bill, the U.S. plans for the CFTC to take over regulatory authority for spot trading of BTC, ETH, and other cryptocurrencies, while the SEC would oversee areas such as ICOs. However, the biggest controversy lies in several sensitive provisions—particularly the clear regulatory framework for DeFi platforms and the ban on passive income from stablecoins.
Notably, an executive from a major exchange has publicly withdrawn support for the bill, citing "too many issues" that need to be re-discussed. This stance reflects the industry’s overall dissatisfaction with the current draft.
The market is now awaiting a new voting schedule. In the short term, this regulatory uncertainty could impact investors’ risk appetite, and capital flows may experience volatility. How the bill will be amended moving forward and whether the two parties can reach a more balanced agreement will directly influence the direction of the entire crypto market.
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TestnetScholar
· 01-18 04:05
Another suspension? By the way, this CLARITY Act is really a hassle. The provisions on decentralized finance are truly outrageous.
Banning yields on stablecoins... what were they thinking? Isn't this just killing DeFi?
What does it mean that major exchanges have withdrawn support? The draft is indeed toxic, and there’s no consensus between the two parties. In the short term, this kind of uncertainty is bearish for the market.
Waiting for the next step, provided they can actually come up with something that resembles a serious discussion.
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ProbablyNothing
· 01-15 21:13
That's good now, we have to wait again. The current market uncertainty is really frustrating.
Delaying is fine, anyway this bill was problematic from the start.
They haven't thought through DeFi at all, banning stablecoin yields is even more outrageous.
Exchanges are starting to turn against it, indicating the draft is indeed a failure.
The two parties are bickering, and our wallets still need to stay cautious.
Let's wait for the new plan; maybe we can negotiate a more reliable version.
There will definitely be short-term volatility, isn't that normal?
Actually, postponing might be a good thing. Don't rush into legislation; one wrong step could lead to total failure.
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BoredApeResistance
· 01-15 10:51
It's good that it's delayed. This bill is really outrageous—banning passive income on stablecoins? That's a joke.
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Another failed policy, with both parties bickering and we suffer.
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Even the major exchanges have withdrawn support— isn't that obvious enough? This draft will never pass.
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They haven't even finalized the DeFi regulatory framework and already want to cut it apart—typical bureaucratic style.
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Wait a minute, the market is about to be hijacked by politics again. It's really annoying.
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SEC and CFTC are fighting for authority, and retail investors are the ones who end up losing—speechless.
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This delay is actually a good thing, giving us a chance to breathe.
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Banning stablecoin yields? Are they joking or really trying to stifle innovation?
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The industry has already opposed this, and you're still hesitating? Just re-draft it quickly.
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Regulatory uncertainty is an old topic, and we're numb to it now.
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GasFeeTherapist
· 01-15 10:47
Another delay, really unbelievable haha
Banning stablecoin passive income? Isn't this cutting off our financial path?
All major exchanges oppose it, so what are we still fussing about?
Wait, if the two parties can't even agree on this, is there still hope for Web3?
Fund fluctuations are probably going to lead to another big show.
The U.S. Senate Banking Committee recently announced the postponement of the CLARITY Act review, a highly anticipated crypto regulation bill that has been shelved due to widespread industry opposition and bipartisan disagreements.
According to the bill, the U.S. plans for the CFTC to take over regulatory authority for spot trading of BTC, ETH, and other cryptocurrencies, while the SEC would oversee areas such as ICOs. However, the biggest controversy lies in several sensitive provisions—particularly the clear regulatory framework for DeFi platforms and the ban on passive income from stablecoins.
Notably, an executive from a major exchange has publicly withdrawn support for the bill, citing "too many issues" that need to be re-discussed. This stance reflects the industry’s overall dissatisfaction with the current draft.
The market is now awaiting a new voting schedule. In the short term, this regulatory uncertainty could impact investors’ risk appetite, and capital flows may experience volatility. How the bill will be amended moving forward and whether the two parties can reach a more balanced agreement will directly influence the direction of the entire crypto market.