The vote on the clarity law #CLARITY has been canceled again. This bill aims to establish rules for the cryptocurrency market in the United States. This decision undermined the consensus in the Senate Banking Committee and led to the postponement of the scheduled session 👀
⚖️ The disagreement lies in the substance. In its current form, the bill is seen as incompatible with the key points of the cryptocurrency ecosystem, leading to a loss of institutional support, particularly from the leading players in this sector.
The topic of stablecoins is one of the focal points of criticism. The law prohibits any type of returns for users, preserving the attractiveness of traditional bank deposits and limiting competition with digital financial instruments 🏦
Among other sensitive points is the asset tokenization. The clarity law imposes strict rules on the stock market, requiring centralized governance structures, which hinders open and decentralized models ⚠️
🌐 The influence also extends to decentralized finance (#DeFi ), where identity verification requirements and ongoing monitoring make open and unlicensed applications, which are a core part of decentralized finance, impractical.
📌 The discussion is still open, politically sensitive, and has the potential to drastically impact the future of the cryptocurrency market in the United States.
