Economists Criticize CLARITY Act Delay: U.S. Risks Losing Crypto Industry Leadership

Odaily News: Economist James E. Thorne said on X platform that U.S. Senate Majority Leader John Thune has postponed the vote on the CLARITY Act until September, meaning that the progressive camp, which opposes innovation, has once again gained the upper hand.

Thorne believes that the delay signals that preserving the existing interest structure is still more important than ensuring U.S. leadership in the next-generation monetary and financial architecture. As the bill continues to be delayed, enforcement will fill the gaps that should have been covered by law, and the eventual result may be that the United States fails to achieve a leading position in the crypto industry. Innovation will flow overseas, while other regions of the world continue to advance under clearer regulatory frameworks, and the U.S.'s own innovation system remains trapped in a gray area, with future financial standards potentially being set elsewhere.