The crypto industry in the US has reached an important moment. The CLARITY Act is getting closer to a vote in the Senate. The next six weeks could determine whether a full legal framework for crypto will finally emerge or if the issue will be postponed again until 2027.
Recently, there were four-hour hearings in Congress on tokenization. Key industry representatives participated in the discussion. They examined what the CLARITY Act actually means and why the deadline in May is so important.
The analyst from VirtualBacon then presented a clear scenario of what to expect in the coming weeks.
The Clarity Act will clarify the rules
In the CLARITY Act, lawmakers are trying to draw a clear line between crypto assets like BTC, ETH, SOL and securities.
The law has already passed the House of Representatives with broad support and received the approval of the White House. Now control over digital goods is planned to be transferred to the CFTC, as well as introducing the concept of a 'mature blockchain.'
The idea is that the token can initially launch under the control of the SEC. Over time, as the network decentralizes, it may transition into the category of goods. That is, the regulation adapts to the real mechanics of the crypto market, rather than outdated rules.
At the same time, VirtualBacon's analyst emphasizes that this is not about deregulation. The law introduces clear requirements for exchanges, brokers, and custodians. Including risk disclosure, the ability to account through blockchain, and eliminating contradictions between the laws of different states that currently create confusion.
The race against time in the Senate
The main problem now is that there is little time. A key moment is ahead. The consideration of the bill in the Senate Banking Committee is scheduled for the period from April 13 to 20.
This stage may decide everything. If the law does not pass, it will not make it to the vote in May before the Memorial Day break. In that case, the next chance will only appear in 2027.
Analysts, including Alex Thorn, warn that a delay at this stage will effectively bury the bill in the current cycle.
Stablecoins and DeFi under pressure
The main dispute now revolves around the yield of stablecoins. The compromise version of the law prohibits passive income but retains rewards for active participation.
The market reacted immediately. Circle's shares fell by 20%, while Coinbase dropped by about 10%.
At the same time, the issue with DeFi is not fully resolved. This especially concerns lending and staking. Because of this, uncertainty remains over the sector.
Rare agreement on tokenization
Recent four-hour hearings brought together representatives from Wall Street and the crypto industry. Surprisingly, the parties agreed on their opinions.
Both sides agree that tokenized securities should be regulated under existing rules. At the same time, blockchain is viewed as a tool for refreshing financial markets.
A similar position was expressed by BlackRock CEO Larry Fink. In a letter to shareholders, he noted that tokenization could 'refresh the infrastructure of the financial system.'
The next six weeks will decide everything
Analysts believe that the Senate's consideration in April will be a key moment. If the law passes this stage, the process may move much faster.
If not, the crypto industry in the US will have to postpone this issue for a long time.
For investors and projects, the next one and a half months may determine what the future of digital assets in the country will be.
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