Armstrong: WSJ Preparing Article Blaming Him for CLARITY Act Failure
- —Armstrong called the WSJ "hostile to CLARITY" and accused the paper of repeating banking lobby talking points
- —The CLARITY Act vote failed 49–50, falling 10 votes short of cloture
- —Armstrong said he blocked an early draft in January over DeFi, tokenization, CFTC authority and stablecoin rewards
- —Senator Lummis called the bill "dead," blaming Democrats
Why it matters: The CLARITY Act's failure leaves crypto regulation to the discretion of the SEC and CFTC, raising uncertainty for the market.
Source: The Crypto Times