Cryptocurrency reporter Eleanor Terrett stated, "Following the cancellation of the hearing on the revision of the CLARITY Act by the U.S. Senate Banking Committee, industry participants, lawmakers, and committee staff have had time to process yesterday's events and consider the possible next steps, although many remain 'outraged' by how things were handled yesterday.
Among the industry insiders and banking committee staff contacted, the consensus is that the situation has not completely lost hope. If relevant parties (i.e., banks, Coinbase, and Democratic lawmakers) can reach an agreement on yields in the coming days, the bill is 'very likely' to proceed further.
Regarding the issue of tokenized securities, which involves research by the SEC and CFTC as well as a potential notice-and-comment process, two reasons suggest this is no longer a major concern. First, tokenization firms now claim that the provisions Coinbase was focused on were taken out of context. Second, some stakeholders, including Brian Armstrong, have expressed hope that the provisions could be significantly revised or even entirely removed."
