#CLARITYBillDelayed With the latest developments in the US Senate, the CLARITY Act, eagerly awaited by the cryptocurrency market, has entered an uncertain phase.
Why Was the CLARITY Act Suspended?
The vote on the bill, which was expected to establish a federal standard for digital assets, was postponed by the Senate to a later date. There are three main reasons behind this decision:
Industry Reactions: Leading crypto companies withdrew their support, arguing that the current draft could hinder DeFi (Decentralized Finance) innovation and eliminate stablecoin incentives.
Procedural and Con