According to the latest news, Jito Labs' Chief Legal Officer Rebecca Rettig recently expressed her views on the "Clarity Act" draft released by the U.S. Senate Banking Committee. Rettig pointed out that the current version of the draft is still relatively brief and fails to cover important issues in the Crypto Assets industry such as Decentralized Finance (DeFi), tax policy, and bankruptcy isolation.

In order to further improve the content of the bill, the Senate Banking Committee is widely collecting opinions and suggestions from industry insiders through a Request for Information (RFI). The industry generally expects that the committee will release a more comprehensive and detailed version in the future.

It is worth noting that there is still considerable uncertainty about whether the bill will pass before the upcoming midterm elections. Nevertheless, the advancement of the Clarity Act is seen as an important step by the United States in the legislative regulation of the Crypto Assets market.

This legislative effort reflects the growing concern of regulators regarding the Crypto Assets industry, while also highlighting the challenges of establishing a comprehensive and effective regulatory framework. As the public consultation progresses, the industry looks forward to seeing a well-crafted bill that balances innovation and regulation, protecting the interests of investors.