CLARITY Act, With Time Running Out for Senate Passage, Gets Industry Lobbying Push

Over 100 crypto companies are pushing US senators to move faster on the CLARITY Act, which would set clearer rules for the industry. The bill is stuck in the Senate, with disagreements over things like stablecoins and DeFi. The concern is that delays could leave US firms behind regions that already have clearer regulation.

Feels like the industry has been asking for clear rules for years now, and it’s still stuck in the same place. Meanwhile other regions have already moved ahead with frameworks, so it’s not surprising companies are starting to push harder.

At the same time, it doesn’t look like a simple delay. You’ve got banks worried about deposits moving into stablecoins, and disagreements around DeFi and how far regulation should go. That probably explains why it’s dragging on. It feels less like a lack of interest and more like competing priorities that are hard to reconcile. Curious if people think this eventually passes, or just keeps getting pushed out.