The revision of the CLARITY Act has raised industry concerns and may give the SEC greater discretion

According to Eleanor Terrett, some industry insiders have expressed concerns about the addition of new provisions to the CLARITY Act before it is reviewed by the U.S. House Financial Services Committee and Agriculture Committee today. This clause, known as the "Gensler Era Clause," intends to remove the exemption for existing tokens and instead give the SEC the power to make individual rulings on whether each token is a security. Critics point out that this approach may exacerbate market uncertainty and go against the legislative intent.