Disputes in the crypto industry over the CLARITY Act escalate: Pass or abandon?

【Chain Wen】Regarding the US Crypto Market Structure Act (CLARITY), there has been quite a bit of heated discussion in the industry recently.

On one hand, the CEO of a leading trading platform recently made a statement — rather than having a flawed bill, it's better to have no bill at all. This stance is quite firm. But it has certainly caused a stir within the community.

On the other hand, other industry leaders hold completely different views. Arjun Sethi, CEO of a major exchange, came out saying, don’t give up. Years of bipartisan cooperation are not easy, and negotiations are needed to resolve lingering issues. Chris Dixon, partner at a16z; Brad Garlinghouse, CEO of a blockchain company; and David Sacks, who handles AI and crypto affairs at the White House, all share the same tone — sit down quickly and resolve differences before the end of the month.

What’s more interesting is that Seth Hertlein, Global Policy Lead at a hardware wallet company, pointed out a real issue: the current favorable policy environment is truly rare. The industry’s feeling is that if this opportunity is missed, future efforts will either be impossible to push legislation or will be forced through in a very unfavorable environment. No one wants to see software features and content permissions change constantly with each new government.

In short, this is a major strategic debate — should we aim for a perfect plan or a workable one?