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The Touchstone of Two-Party Cooperation: How Do Crypto Issues Survive Political Division?
The CLARITY Act has been placed under such heavy expectations because it is not only cryptocurrency legislation, but also one of the rare examples of bipartisan consensus amid today’s political division in the United States. The Republican Party values innovation and competitive strength, as well as maintaining dollar hegemony, while the Democratic Party focuses on consumer protection and financial fairness. Stablecoin regulation happens to stand right at the intersection of both. But opposition from the banking alliance is tearing apart this delicate balance. Some lawmakers from financial centers are beginning to waver, worrying about offending the banking interests in their districts. The vote on May 11 is, in essence, a test of whether the two parties can uphold this fragile commitment to cooperation between traditional lobbying power and the demands of emerging industries. If CLARITY clears the hurdle successfully, it will become a political template for broader future digital-asset legislation; if it fails, it means crypto legislation will remain stuck in a fragmented impasse.
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