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The US Genius Act dealt with “structurally simpler” issues than the CLARITY Act, which has yet to be passed into US law, according to a Coinbase executive.The Digital Asset Market Clarity Act, or CLARITY Act, is moving along the right pathway, despite the crypto industry’s growing impatience, according to a Coinbase executive.
“It’s the kind of bill that is quite frankly more foundational for the growth of crypto or any real asset class,” he said, emphasizing that it makes sense for the process to take some time.He said that the CLARITY Act is a lot more complex than the Genius Act, the stablecoin legislation that was passed into US law in July. While he acknowledged the Genius Act was “not simple, but transformative,” he said that it “dealt with structurally simpler things than market structure bills.””We are closer than ever to passing the landmark crypto market structure legislation that President Trump has called for. We look forward to finishing the job in January,” he said on Dec. 19.D’Agostino said he is confident that the CLARITY Act will pass soon, pointing to growing momentum for crypto regulation globally, including Europe’s MiCA regulations and the United Arab Emirates’ continued progress on regulatory clarity. He also acknowledged the “massive flight of talent” from the US to other countries, which may only put more pressure on lawmakers to pass the CLARITY Act in 2026.“I think once we get back in session and everyone can take time to absorb what’s happening, that same burning platform will appear where we really don’t want the US to fall as behind as it’s been on transformational technologies like artificial intelligence and blockchain,” he added.CoinShares recently attributed $952 million in outflows from crypto investment products during the week ending Dec. 19 to delays in passing the CLARITY Act, citing prolonged “regulatory uncertainty and concerns over whale selling.”“Is it a world-shaking macro development? Nope. Needed for sure, but not something that should redefine value,” Brandt told Cointelegraph.
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