Crypto industry pressure derailed bipartisan deals and sank CLARITY Act in Senate
- —Crypto industry pressure derailed bipartisan deals on the CLARITY Act
- —The bill ultimately failed to pass in the U.S. Senate
- —The CLARITY Act's failure shifts crypto regulation toward SEC and CFTC rules
Why it matters: Without the CLARITY Act, the SEC will determine market rules, increasing regulatory uncertainty for exchanges and tokens.
Source: Google News (crypto query)