Eleanor Terrett: If all parties can reach a revenue agreement, the CLARITY Act still has a chance to move forward

According to Odaily, crypto journalist Eleanor Terrett posted on X that after the U.S. Senate canceled the CLARITY hearing, industry participants, lawmakers, and staff are assessing the next steps. Some industry insiders and staff from the Banking Committee believe that if relevant parties (banks, a certain exchange, and the Democratic Party) can reach an agreement on yield in the coming days, the bill still has a chance to move forward.

Regarding the issue of tokenized securities (Section 505), it no longer appears to be a core obstacle, as tokenization companies believe that the objections raised by a certain exchange are taken out of context, and stakeholders including the exchange's CEO Brian Armstrong hope to significantly amend or completely remove this provision. In addition, discussions between the White House and the Senate are still ongoing. As for whether the Banking Committee's postponed meeting will affect the Agriculture Committee's schedule, sources say the sequence does not matter; if the Agriculture Committee can reach a bipartisan agreement, it may make the Senate Banking Committee's process smoother. Previously, the House Agriculture Committee passed parts of the Clarity Act with a bipartisan vote of 47 to 6, which subsequently provided support to the House Financial Services Committee.