U.S. "Clarity Act" Sparks Widespread Criticism in the Crypto Industry



Originally, this bill was expected to be a hopeful guide for the Web3 ecosystem, appearing as a framework to streamline regulation. However, once the full version from the Banking Committee was revealed, the entire industry exploded.

Where's the problem? It's hard to pinpoint exactly. The requirements imposed on Web3 projects and related institutions are so strict that calling them "onerous" seems mild. Almost every clause hits a nerve for certain groups, offending everyone in the process.

What is the most painful change? The new definition of tokens. This revision directly overturns the industry's understanding of token nature. The new definition imposes constraints on project compliance that are suffocating.

From capital providers, developers, exchanges, to ordinary investors, no one feels satisfied. Originally seeking a clear regulatory guide, they received a contradictory "big package" instead. This move has put all participants on the back foot, with many projects even re-evaluating their compliance strategies.

It seems that the path to crypto market regulation is far from smooth as imagined.
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GateUser-ccc36bc5vip
· 01-17 23:19
It's another thankless job. Changing the token definition would require a complete reshuffle of the entire ecosystem. Truly absurd.
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MidnightSnapHuntervip
· 01-16 16:07
Another bill to stir things up, this time even changing the definition of tokens, truly incredible No, can these people just clearly explain their intentions once and for all Capital, developers, and exchanges are all offended, what kind of satisfaction are they still seeking Regulation has never been thought to truly streamline, and now there's another "big gift" If this continues, projects will probably go crazy, they need to start re-evaluating compliance from scratch It feels just like gambling, rules change whenever they want, players are all confused Another year of regulatory chaos, I bet five dollars that the next change will still be behind us The new definition of tokens is really outrageous, what understanding does it overturn... The industry will be dragged down again by this stuff, truly exhausting
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MetaverseHomelessvip
· 01-15 14:13
Another one of these "one-size-fits-all" things, it's really damn outrageous. The promised clarity turned into what exactly? It offended everyone directly. This change to token definition is basically ruining all projects. Compliance? Ha, now no one knows how to be compliant anymore.
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rekt_but_vibingvip
· 01-15 14:10
Another paper document, another industry-wide scapegoat, this is our daily routine.
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ser_we_are_ngmivip
· 01-15 13:55
Come on, this is a typical politician's knee-jerk idea, and they haven't even asked a single developer about their feelings for a day.
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NotSatoshivip
· 01-15 13:55
Another one of these "regulatory surprises," hilarious. Anyway, everything that’s going to collapse will collapse.
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ChainProspectorvip
· 01-15 13:53
It's really incredible how it's just "regulation for the sake of regulation" again.
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