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Eleanor Terrett: If all parties can reach an agreement on revenue sharing, the CLARITY Act still has a chance of moving forward
Svmuu News: Crypto reporter Eleanor Terrett posted on X that industry participants, lawmakers, and staff are assessing the next steps following the U.S. Senate’s cancellation of the CLARITY hearing.Some industry insiders and Banking Committee staff believe the bill could still move forward if the relevant parties—banks, Coinbase, and Democrats—can reach an agreement on yield within the next few days.Regarding the issue of tokenized securities (Section 505), this no longer appears to be a core obstacle. This is because tokenization companies believe the objections raised by the Coinbase (FDIC) are taken out of context, and stakeholders—including Brian Armstrong, CEO of Coinbase—hope to see significant revisions to or the complete removal of this provision.Furthermore, discussions between the White House and the Senate are ongoing. Regarding whether the Banking Committee’s postponement of its meeting will affect the Agriculture Committee’s timeline, sources indicate that the order is not critical; if the Agriculture Committee can reach a bipartisan agreement, it could facilitate a smoother process for the Senate Banking Committee.Previously, the House Agriculture Committee passed portions of the Clarity Act in a bipartisan vote of 47 to 6, subsequently lending its support to the House Financial Services Committee.
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