Don’t look at it not being passed—the Clarity Act is actually a consensus between both parties. The main point of contention is the ethics and morality provisions; in plain terms, it’s aimed at Trump.
And by the time Trump loses the midterm election, the Democrats will support revising the updated Clarity Act again—turning it into a gift from the Democrats to the crypto industry.
Now the key question is whether the Republicans will roll out a more aggressive bill before the midterms—one that doesn’t require any Democratic votes—so they can account to the industry and protect their reputation as crypto’s “president.”
So no matter what happens, things won’t get worse for the industry.
As for BTC holders, they don’t need to care about these politicians’ bluster, because they’re following a script that’s already a guaranteed win.
And by the time Trump loses the midterm election, the Democrats will support revising the updated Clarity Act again—turning it into a gift from the Democrats to the crypto industry.
Now the key question is whether the Republicans will roll out a more aggressive bill before the midterms—one that doesn’t require any Democratic votes—so they can account to the industry and protect their reputation as crypto’s “president.”
So no matter what happens, things won’t get worse for the industry.
As for BTC holders, they don’t need to care about these politicians’ bluster, because they’re following a script that’s already a guaranteed win.