Lates News

Crypto journalist Eleanor Terrett wrote that "following the cancellation of the Senate Banking Committee's hearing on the revised CLARITY Act, industry participants, lawmakers, and committee staff have had time to digest the events of yesterday and the potential next steps. However, many are still 'angry' about how yesterday was handled. Some industry insiders and Banking Committee staff agree that the situation is not completely hopeless yet. If in the coming days all parties involved (banks, Coinbase, and Democratic lawmakers) can reach an agreement on the yield issue, then the bill will 'likely' continue to progress. There are two reasons why the issue of tokenized securities involving the SEC and CFTC research and possible notice and comment procedures is no longer the main concern. First, tokenized companies now claim that the terms of interest to Coinbase were taken out of context. Second, some stakeholders, including Brian Armstrong, express hope that the terms may be significantly revised or even completely removed."