What are the Three Contentious Issues Delaying the 'Clarity Act' in the Cryptocurrency Market?

Jake Chervinsky, a lawyer well-versed in cryptocurrency, analyzed on the 5th that swift progress on the 'Clarity Act', which aims to define the structure of the cryptocurrency market in the U.S., will be challenging.

The bill seeks to clarify which tokens are not considered securities and how centralized platforms such as exchanges are regulated. It also aims to define the respective authorities of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), thereby expected to streamline the business environment for the cryptocurrency industry.

The House has already passed the bill in July. Subsequently, in the Senate, the Banking Committee has handled half of the bill (pertaining to securities law), while the Agriculture Committee...