#《CLARITY法案》或遇阻

According to reports, due to mounting pressure from all sides, the U.S. Senate’s 《CLARITY》 cryptocurrency bill currently under consideration may face setbacks in April.

All parties are working to get hearings scheduled on the agenda to advance legislation on the structure of the cryptocurrency market.

On Monday evening, Thom Tillis, a key negotiator on the Senate Banking Committee and a Republican senator from North Carolina, told reporters that he expects the committee will not hold hearings in April to revise the bill and vote on it. Tillis is a key figure pushing for a broader bill to eventually become law.

Senator Tillis and Angela Alsobrooks (a Democrat from Maryland) are working to resolve the “main obstacle surrounding the handling of stablecoin rewards.” This issue was addressed in the GENIUS stablecoin bill passed in July, which bans stablecoin issuers from paying interest directly to holders. However, it does not prevent external platforms such as Coinbase from offering rewards. Banking representatives believe that allowing such earnings could shift deposits away from traditional banks, thereby weakening the strength of community institutions.

With pressure from all sides continuing to build, all parties are pushing to hold a review hearing in April. One version of the bill was passed in the House nearly a year ago, and earlier this year the Senate Agriculture Committee also advanced the bill in a party-line manner. If the bill is ultimately approved by the Senate Banking Committee, it will need to be merged with the version from the Senate Agriculture Committee, then submitted for a vote of the full Senate, followed by coordination with the House. Meanwhile, cryptocurrency companies counter that restricting rewards would stifle innovation.

Whether the bill succeeds or fails will determine whether the agency’s “starter pistol” for capital‌ is fired.

‌If passed‌: The regulatory authority of the SEC and CFTC will be upgraded from guidance documents to‌ federal law‌, providing a permanent legal basis for asset management firms such as BlackRock and Fidelity to launch Bitcoin products, and driving trillions of dollars in institutional capital to enter the market.

‌If it fails‌: The current regulatory guidance could be overturned after the midterm elections, causing institutions currently waiting on the sidelines to continue waiting, and Bitcoin’s price may remain long-term around ‌69000-77000.