CLARITY Act Faces Higher Bar Than Stablecoin Law
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D’Agostino compared the CLARITY Act to the previously passed Genius Act, noting that while the stablecoin bill was transformative, it dealt with “structurally simpler” issues. Market structure legislation, he said, is inherently more complex because it defines how entire asset classes are regulated and traded.
That complexity, according to Coinbase, explains why lawmakers are taking more time. Rather than being a sign of resistance, the slower pace reflects the challenge of aligning regulators, lawmakers, and industry participants around a single framework that could shape US crypto markets for decades.