The US cryptocurrency industry’s attitude towards the CLARITY Act is changing. The latest policy draft has raised concerns among industry insiders—they believe that lawmakers are making too many compromises on traditional financial institution issues, especially in key areas such as stablecoin yield mechanisms and tokenized assets. Many practitioners point out that these concessions could weaken the US’s competitive edge in digital asset innovation. Meanwhile, within the Democratic Party, there is still a push for a new additional clause aimed at imposing stricter ethical review constraints on high-level government officials. This multi-directional tug-of-war reflects the complex negotiations involved in shaping the cryptocurrency regulatory framework.
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UnluckyLemur
· 14h ago
It's the same old compromise game again. Wall Street folks always manage to extract benefits from politicians.
The stablecoin situation is truly despairing; it feels like we're just clearing obstacles for traditional finance.
Government officials' moral review? Ha, first fix the loopholes in the bill itself.
Our innovative edge is being gradually worn away like this.
These people simply don't understand the core value of crypto.
It's always the same, tweaking and tweaking, but in the end, nothing gets properly fixed.
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ForkMaster
· 01-15 12:02
Back to compromising again, these legislators really treat stablecoins as an ATM.
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GasFeeBeggar
· 01-15 11:58
Starting to compromise again, if this continues, the US will really be left behind by Europe.
The stablecoin sector is basically a free gift; why let traditional financial vampires get involved?
Is CLARITY really just this? I thought it could bring some change.
Do regulators really not understand Web3, or do they just want to trap us?
Moral censorship... laughable. First, check your own wallet thoroughly.
These legislators are still playing the old-world game; crypto is slowly dying because of such compromises.
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BlockchainTherapist
· 01-15 11:55
Once again, compromising... Really, these legislators just like to tickle traditional finance.
Stability coin yields and tokenized assets are just being sold off? What about our competitive advantage?
It's always moral scrutiny and a bunch of nonsense; no one is really addressing the core issues.
Instead of arguing, we might as well do it ourselves; regulation will never keep up with the pace of innovation.
If this bill keeps changing, it feels like nothing has changed at all, hilarious.
The US cryptocurrency industry’s attitude towards the CLARITY Act is changing. The latest policy draft has raised concerns among industry insiders—they believe that lawmakers are making too many compromises on traditional financial institution issues, especially in key areas such as stablecoin yield mechanisms and tokenized assets. Many practitioners point out that these concessions could weaken the US’s competitive edge in digital asset innovation. Meanwhile, within the Democratic Party, there is still a push for a new additional clause aimed at imposing stricter ethical review constraints on high-level government officials. This multi-directional tug-of-war reflects the complex negotiations involved in shaping the cryptocurrency regulatory framework.