The CLARITY Act, a comprehensive cryptocurrency legislation, has made significant progress after reaching an agreement in principle between the White House and key Senators. Despite this development, industry experts are cautioning against premature celebration, highlighting several unresolved issues that could impact the bill's passage.
According to Alex Thorn, head of firmwide research at Galaxy Digital, the stablecoin rewards issue may be just one of many contentious topics that need to be addressed before the bill can move forward. Other areas of contention include DeFi regulation, developer protections, SEC powers, and ethics rules.