According to CoinMeta, the legislative debate surrounding the “CLARITY Act” focuses on which stakeholders should be involved in drafting it and how to address differences regarding DEFI, tokenization, CFTC permissions, stablecoin earnings, banking services, law enforcement risks, and ethical provisions. Although the final voting on the bill failed, various parties are still pushing for further legislation. Some people are concerned about a lame-duck Congress after the mid-term elections, while others hope that regulatory authorities will issue detailed regulations. Some believe that the bill has already failed. Meanwhile, key figures involved in crypto policy and regulatory discussions, such as Senators Thom Tillis, Cynthia Lummis, and Committee Member Hester Peirce, are about to leave their positions. Whether the next Congress will be able to advance a new version of the bill will depend on whether the crypto industry, banks, law enforcement departments, compliance agencies, and other stakeholders can reach a compromise through cross-party collaboration.