Patrick, that’s exactly why the Clarity Act must move forward….
Waiting to see how a future administration might treat stablecoin rewards, DeFi, or developer protections only increases uncertainty for builders, investors, and U.S. infrastructure companies today.
And when major exchanges oppose clarity while earning significant revenue from stablecoin yield, it raises fair questions about whether this is really about investor protection or preserving market position.
I understand companies defend their core revenue streams. But delaying regulatory clarity risks pushing innovation offshore while the rest of the world moves ahead.
The U.S. should be setting the rules for digital asset infrastructure, not reacting to them later.
I wonder how a future Democrat administration will handle stablecoin rewards. And developer protections. And DeFi. And the line between digital commodities and securities. Etc.
Block passage of the CLARITY Act to find out!