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Following
BTC Media reports differ on the timing of the Senate vote failure on the CLARITY bill
Cointelegraph and CoinTurk News EN both reported on the same panel discussion at the Token2049 conference, but the two media outlets had different accounts regarding the timing of the CLARITY bill's failure to pass in the Senate.
Consensus
Yuval Rooz, co-founder and CEO of Digital Asset, said at the Token2049 conference in Singapore that the current regulatory environment should be used to accelerate the adoption of institutional blockchain. He likened the popularity of blockchain to the situation where Uber and Airbnb had taken root in the market before regulatory restrictions.
Rooz pointed out that the industry should work to promote widespread adoption to ensure that "no matter what happens in 2028, the situation will be irreversible." The next U.S. presidential election is scheduled to be held on November 7, 2028.
Binance co-CEO Richard Teng said he hoped the CLARITY bill would eventually become law and described regulatory backsliding as the industry's "biggest fear."
Franklin Templeton CEO Jenny Johnson believes the legislation will bring greater certainty to the industry, but she warns that the industry should not rely entirely on passage of the CLARITY Act. Johnson noted that the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are already working to provide regulatory clarity that allows innovation and continued institutional engagement.
Reporting gap: The time the CLARITY bill has stalled in the Senate
The comments came after the CLARITY bill failed to pass a procedural Senate vote in September. However, the two media outlets gave different background information on the specific time point of the incident:
- Cointelegraph reports pointed out that the group discussion was held against the backdrop of the failure of the CLARITY bill to advance in the U.S. Senate in September 2023.
- CoinTurk News EN provides another set of timestamps, implying that there may be differences in relevant time nodes.
How to clarify the facts
Since the two media outlets have the same wording on the citations, the citations from these group discussions and the list of participants can be regarded as established facts. However, agreement has not yet been reached between the two reports on the exact date for the CLARITY bill's procedural vote in the Senate. Before citing that specific date, it is recommended to verify it against the U.S. Senate's own voting records.
