Status of the CLARITY Act: Industry still holds hope after the vetoed hearing

【Blockchain Rhythm】On January 16th, the industry and outside observers are still digesting what happened yesterday regarding the U.S. Senate Banking Committee's cancellation of the revision hearing for the "CLARITY Act." Many participants are disappointed with how the process was handled, but the mood has not fully turned pessimistic.

Several industry professionals and committee staff involved have shared a common thought: there is still hope. As long as in the next few days, banks, a major exchange, and Democratic lawmakers can reach an agreement on the yield issue, the bill is "very likely" to resume the review process. This has given some industry insiders a chance to breathe.

In the area of tokenized securities, there have been new developments. On one hand, tokenization companies have clarified that the concerns raised by a major exchange about certain clauses were actually misinterpreted. On the other hand, multiple stakeholders, including well-known industry figures, have expressed hope that the clauses might be significantly amended or even completely removed. This indicates that the issue of tokenized securities is gradually fading from the spotlight, and relevant parties seem to have found a way to bypass this obstacle.