The Block reports that a new draft of the Clarity Act is generating support from the crypto industry while drawing criticism from Democrats and bankers over ethics concerns. The divisions underscore disagreements over how the proposed legislation should handle crypto regulation and industry oversight.
Market structure legislation stalling on partisan lines means US regulatory clarity likely stays uncertain into the next cycle, so don't build product roadmaps assuming a clean framework arrives soon. For teams shipping on Avalanche or Base, this mostly affects go-to-market and compliance posture rather than protocol work, but it's worth watching whether the ethics objections narrow to specific provisions or sink the whole draft. Bipartisan buy-in is the real signal here; without it, anything passed could be reversed later.
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HTSApp