Grewal: Blaming Armstrong for CLARITY Act Failure Is 'Ridiculous'
- —Grewal called the accusations against Armstrong 'pretty ridiculous'
- —He said he and Armstrong pushed daily for compromises on the CLARITY Act
- —Negotiations were held with banking lobbyists tasked with killing the bill
- —The CLARITY Act would have divided SEC and CFTC authority over crypto assets
Why it matters: The dispute over who is to blame for the CLARITY Act's failure exposes a rift within the industry and lowers the odds of U.S. market legislation passing anytime soon.
Source: TokenPost