Custodia Bank CEO Highlights Challenges in U.S. CLARITY Act Passage

Custodia Bank CEO Caitlin Long has pointed to controversies involving U.S. President Donald Trump's family and related meme coins as factors complicating bipartisan support for the U.S. CLARITY Act. According to NS3.AI, the bill, which seeks to establish clear regulatory frameworks for digital assets, is experiencing delays in the Senate. These delays are attributed to disputes over decentralized finance (DeFi), stablecoins, and political opposition stemming from ethics concerns. Despite these challenges and ongoing market volatility, Long remains optimistic about the long-term prospects of crypto legislation and emphasizes the educational value of bear markets.