The new provisions of the CLARITY Act are accused of "unclear regulatory certainty", repeating the mistakes of the SEC in the old era

BlockBeats News: On June 10th, according to crypto journalist Eleanor Terrett, industry insiders expressed concerns about a new provision in the revised text, describing it as a "Gensler era provision," prior to the marking review of the CLARITY Act by the U.S. House Financial Services Committee and Agriculture Committee today. This revision eliminates the exemption for previously issued tokens and instead grants the SEC broad powers to determine on a case by case basis whether each token qualifies as a security. Critics argue that this approach reintroduces the uncertainty that the bill should have addressed. The Gensler era refers to the regulatory approach taken by Gary Gensler during his tenure as SEC Chairman (April 2021 to January 20, 2025) towards the cryptocurrency industry. The SEC during the Gensler era was known for its strict enforcement and regulatory strategies through enforcement, rather than providing a clear regulatory framework.