Even if the Clarity Act Fails to Pass, the U.S. Crypto Industry Will Continue to Develop

Odaily Planet Daily News – Chris Perkins, CEO of 250 Digital Asset Management, stated that even if the Clarity Act, aimed at clarifying the regulatory framework for crypto, fails to pass in Congress, the long-term development of the U.S. crypto industry will remain unaffected. He pointed out that the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have been continuously establishing regulatory frameworks to provide stability and certainty for the industry. Perkins noted that current regulatory agencies are gradually clarifying the classification system for crypto assets through policies and practices. Compared to the past restrictions of defining tokens as securities, the compliance pathways are now becoming increasingly clear. He also mentioned that if the Clarity Act is eventually passed, it will further solidify the regulatory framework, making future policies harder to reverse. Recently, market expectations for the advancement of this bill have risen, with several lawmakers and industry participants expressing optimism about potential progress in the near term. (Cointelegraph)