Eleanor Terrett: If the parties can reach a benefit agreement, the CLARITY bill may still move forward.

Crypto journalist Eleanor Terrett wrote on the X platform that after the US Senate canceled the Clarity Act hearings, industry participants, legislators, and staff are assessing the next steps. Some industry figures and Banking Committee staff believe that if the relevant parties (banks, Coinbase, and Democrats) can reach an agreement on yield in the coming days, the bill may still move forward. Regarding tokenized securities (Section 505), this no longer appears to be a core obstacle, as tokenized companies believe Coinbase's objections are taken out of context, and stakeholders, including Coinbase CEO Brian Armstrong, want significant changes or complete removal of the clause. Furthermore, discussions between the White House and the Senate are ongoing. Regarding whether the Banking Committee's postponement of the meeting will affect the Agriculture Committee's timeline, sources indicate that the order is not important; if the Agriculture Committee can reach a bipartisan agreement, it could smoother the Senate Banking Committee's process. Previously, the House Agriculture Committee passed parts of the Clarity Act by a bipartisan vote of 47 to 6, subsequently providing support to the House Financial Services Committee.