According to ChainThink, on May 3, Chris Perkins, CEO of 250 Digital Asset Management, stated that even if the U.S. Congress ultimately fails to pass the Crypto Market Structure Act, known as the CLARITY Act, the long-term development of the U.S. crypto industry will not be affected.
Perkins said that U.S. SEC Chair Paul Atkins and U.S. CFTC Chair Michael Selig are actively advancing the development of a cryptocurrency regulatory framework, bringing long-needed clarity, stability, and classification to the industry.
He noted that during the tenure of former SEC Chair Gary Gensler, being classified as a security was a "death sentence" for crypto projects, but market attitudes toward security tokens have now clearly shifted.
Perkins also emphasized that if the CLARITY Act is formally enacted, it will make it more difficult for future governments to overturn the current regulatory framework, because "once the law is passed, it becomes harder to repeal."
Market expectations for the passage of the CLARITY Act continue to rise. Coinbase Chief Legal Officer Faryar Shirzad said, "It's time to complete the CLARITY legislation."
U.S. Senator Bernie Moreno expects the bill to be completed by the end of May.