Journalist: main cause of CLARITY Act failure was the TRUMP token launch
- —Dale: Trump is the main culprit in the CLARITY Act failure because of the TRUMP token
- —The second factor is Tim Scott, who insisted on a separate Senate version
- —The third is Cynthia Lummis's departure, which stripped the bill of momentum
- —The failure was called an "unforced error" with Republicans controlling Congress
Why it matters: Public criticism of Trump from within the industry could shift the balance of power ahead of new attempts to regulate crypto in the U.S.
Source: PANews