Eleanor Terrett: If all parties can reach an agreement on the yield, the CLARITY Act is still expected to move forward

Cryptocurrency journalist Eleanor Terrett posted, "With the U.S. Senate Banking Committee canceling the hearing on the amendments to the CLARITY Act, industry participants, legislators, and committee staff have had time to digest what happened yesterday and the possible next steps, but many are still 'angry' about how it was handled."

The consensus among some industry insiders and banking committee staff contacted is that the situation is not entirely hopeless. If relevant parties (i.e., banks, Coinbase, and Democratic lawmakers) can reach an agreement on yields in the coming days, then the bill is "likely" to move forward.

Regarding the topic of tokenized securities, which involves research by the SEC and CFTC and potential announcements for public comment, there are two reasons indicating this is no longer a major issue. First, tokenized companies are now stating that the terms Coinbase is concerned about have been taken out of context. Second, some stakeholders, including Brian Armstrong, express hope that the terms may undergo significant revisions or be completely removed.