Opinion: Even if the *CLARITY Act* Doesn’t Pass, the U.S. Crypto Industry Will Not Suffer Long-Term Impact

BlockBeats News, May 3rd, 250 Digital Asset Management CEO Chris Perkins stated that even if the US Congress ultimately does not pass the cryptocurrency market structure bill "CLARITY Act," the long-term development of the US crypto industry will "not have a problem."

Perkins stated that US SEC Chairman Paul Atkins and US CFTC Chairman Michael Selig are actively promoting the construction of a crypto regulatory framework, bringing long-awaited "certainty, stability, and classification system" to the industry.

He pointed out that during former SEC Chairman Gary Gensler's tenure, being classified as securities was considered a "death sentence" for crypto projects, but now the market's attitude towards security tokens has significantly changed. However, Perkins also emphasized that if the "CLARITY Act" is formally legislated, it will make it harder for future governments to overturn the current regulatory framework because "once the law is passed, it will be more difficult to repeal."

In recent times, the market's anticipation of the "CLARITY Act" passing has been increasing. Coinbase Chief Legal Officer Faryar Shirzad stated, "It is time to get CLARITY legislation done"; US Senator Bernie Moreno expects the bill to be completed by the end of May.