Summary
- Benchmark said the postponement of the markup for the digital-asset market-structure bill (CLARITY Act) is a positive window to coordinate key contentious issues.
- It said the delay could help narrow fundamental differences such as stablecoin revenue models and make the regulatory framework for tokenized securities clearer.
- It explained that this should be seen as a process that improves the bill’s completeness, enabling market participants to conduct business in a predictable regulatory environment.
U.S. investment bank Benchmark said the postponement of the markup for the digital-asset (cryptocurrency) market-structure bill, the CLARITY Act, should be viewed as a positive window to align the bill’s key contentious issues.
According to crypto-focused media outlet CoinDesk on the 15th (local time), Benchmark said in a report that “this markup delay is not a disruptive setback that undermines the bill’s direction, but rather a constructive effort to buy time to resolve the remaining core issues,” adding that “it could serve as an opportunity to narrow fundamental differences such as stablecoin revenue models.”
It added that “the regulatory framework for tokenized securities is also likely to become clearer,” and that “the bill’s completeness will improve so that market participants can conduct business in a predictable regulatory environment.”
Earlier, the U.S. Senate Banking Committee had postponed the markup of the digital-asset market-structure bill that had been scheduled for the 15th (local time). While some raised concerns that the delay could weaken legislative momentum, Benchmark instead interpreted it as a process that could enhance the quality of the final legislation.
