Coinbase executive: The Clarity Act is more fundamental and complex; the legislative process is reasonably time-consuming.

This article is machine translated
Show original

TechFlow to a report by Cointelegraph on January 3rd, John D'Agostino, Head of Institutional Business Strategy at Coinbase, stated in an interview with CNBC: "I completely understand why the Clarity Act will take longer. The Clarity Act is essentially a bill that lays the foundation for the long-term development of the crypto industry and indeed any real asset class, so it's reasonable that the legislative process takes time. Its complexity is significantly higher than the stablecoin legislation, the GENIUS Act, and market structure legislation is inherently more complex."

He also mentioned that a large number of crypto and fintech talents are flowing out of the United States and overseas, a trend that may further compel lawmakers to push for the passage of the CLARITY Act around 2026.

According to reports, David Sacks, the White House's AI and Crypto Affairs Director, stated on December 19th: "We are closer than ever to passing this landmark crypto market structure legislation, which President Trump has been calling for. We look forward to finalizing the work in January."

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments