The new developments in the US Congress's cryptocurrency regulation actions have taken a fresh turn. The Senate Banking Committee's review, originally scheduled for this Thursday at 10 a.m., is now likely to be postponed due to a change in attitude from a certain compliance platform.



The issue stems from the "Digital Asset Market Transparency Act" (CLARITY Act). The platform's CEO recently stated that the bill is "worse than doing nothing" and directly suggested withdrawing support. Senator Cynthia Lummis also indicated that she believes the review meeting should be temporarily paused to give everyone a breather.

Lummis revealed her thoughts to the media: she supports postponement, but the final decision still lies with Senate Banking Committee Chairman Tim Scott. This suggests that the original timetable is likely to change.

This reflects internal disagreements within the industry regarding the regulatory plan. The interest rates on stablecoins have become a focal point of controversy—certain provisions in the bill have caused a clear divide between crypto industry players and traditional banks. For many practitioners, the current plan is far from ideal. The delay by the Senate Banking Committee provides room for further communication and coordination among all parties, and also highlights the complex game of chess in the US cryptocurrency regulation legislative process.
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