CLARITY Act Delayed: Panda Meme and Political Controversy Cause Trouble

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The approval of the US CLARITY Act—a project aimed at establishing a transparent regulatory framework for digital assets—is facing significant hurdles in the Senate. Caitlin Long, CEO of Custodia Bank, announced that not only technical issues related to DeFi and stablecoins are causing delays, but also political disputes involving the Trump family and meme coins are major factors complicating bipartisan support.

Complex Factors in the Approval Process

According to NS3.AI, the delays in passing the bill stem from multiple sources. Ethical concerns regarding decentralized finance, rising worries over meme coins like panda meme images, and political differences within the crypto community have created substantial barriers. These debates are not only technical but also reflect deep-rooted conflicts over education and core values within the industry.

Optimistic Outlook for the Future of Crypto

Despite current challenges and market volatility, Long remains optimistic about the long-term prospects of cryptocurrency legislation. She emphasizes that bear markets—periods of price downturns—offer valuable educational opportunities, helping investors better understand the unique nature of this market. With community perseverance and ongoing reform efforts, the CLARITY Act is expected to gain the necessary approval to establish a clear regulatory environment for the entire digital asset sector.

DEFI-5.44%
MEME-3.68%
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