Hyperliquid Policy Center's first Chief Executive Officer and veteran U.S. crypto lawyer Jake Chervinsky posted that the U.S. Senate did not pass the crypto regulatory bill CLARITY Act, but the advocates behind it have 'not compromised on principle' over the past 18 months, insisting on 'no bill at all rather than a bad bill'. He stated that due to political maneuvering during an election year, 'good deals' were difficult to achieve, yet the crypto industry can still function without the CLARITY Act, as the U.S. SEC and CFTC possess ample authority and professional expertise to regulate the crypto market. Jake believes that discussions around crypto regulation have only just begun, leaving room for future policy developments. [PANews]