BlockBeats news: On January 16, crypto journalist Eleanor Terrett posted that, "With the U.S. Senate Banking Committee canceling the revised hearing for the CLARITY Act, industry participants, legislators, and committee staff now have time to digest what happened yesterday and consider possible next steps. However, many people are still 'angry' about how yesterday's events were handled.
The consensus among some industry professionals and banking committee staff I have spoken with is that the situation is not yet completely hopeless. If the relevant parties—namely, the banks, Coinbase, and Democratic lawmakers—can reach an agreement on the interest rate in the coming days, the bill is "very likely" to move forward.
Regarding the issue of tokenized securities, which involves research by the SEC and CFTC and potential notice-and-comment rulemaking procedures, there are two reasons indicating that this is no longer a primary concern. First, the tokenized companies now state that the provisions Coinbase focused on were taken out of context. Second, some stakeholders, including Brian Armstrong, have expressed hope that these provisions could be significantly revised or even removed entirely.