Crypto industry will be ‘just fine’ if CLARITY Act doesn’t pass: Chris Perkins

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Chris Perkins spoke to Cointelegraph journalist Ciaran Lyons on Chain Reaction on Friday. Source: Cointelegraph While Perkins said he’s not worried about the industry’s long-term outlook if the CLARITY Act doesn’t pass, he added that if it does become law, it would make it much harder for future administrations to roll back the regulatory clarity. “What you’ve done is you’ve essentially enshrined policy for a very long time, as hard as it is to pass a law, it is even harder to unwind a law,” Perkins said. “There is a reason why we say it takes an act of Congress to do something,” he added. Many industry participants have raised expectations that the CLARITY Act could pass soon after the publication of new stablecoin yield provisions on Friday. Related: Riot posts $167M in Q1 revenue as data center arm pulls in $33M in first quarter “It’s time to get CLARITY done,” Coinbase chief legal officer Faryar Shirzad said in an X post on Friday, after US Senator Thom Tillis and US Senator Angela Alsobrooks published the final text aimed at settling the stablecoin yield dispute between the banking and crypto industries. US Senator Bernie Moreno recently said that he anticipates the CLARITY Act to “get done” by the end of May. On April 11, US Senator Cynthia Lummis said, “It’s now or never.” Magazine: AI-driven hacks could kill DeFi — unless projects act now

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