A four-way deadlock is now blocking the US Clarity Act crypto bill — and each side can stop it
The US CLARITY Act faces a deadlock due to disagreements among four groups regarding crypto market structure, regulation, and economic control.Summary
The CLARITY Act, intended to establish a clear regulatory framework for crypto in the US, is stalled due to a four-way conflict. These groups include Senate/industry backers seeking a workable regulatory path, bank-aligned critics aiming to protect traditional finance, regulators proactively issuing guidance, and structural critics concerned about investor protections. The core of the dispute revolves around stablecoin yields and the potential for disruption to the banking system. Each group possesses the power to halt progress, and a resolution requires a compromise that balances the needs of innovation with financial stability and consumer protection. The outcome will determine whether crypto can compete directly with traditional finance or operate within a more limited scope. The approaching midterm elections add further pressure to reach a settlement.
(Source：CryptoSlate)