Failure of the Clarity Act today has made everyone into losers—everything because partisan power struggles have defeated common sense:
The line separating tokens and securities is no longer clear.
Entrepreneurs will continue to choose building and raising capital overseas.
Investors will not get more information, or protection.
Developers do not have additional safeguards for decentralized systems.
Banks are stuck with stablecoins that can pay out returns (yield).
There is absolutely no ethical firewall for government employees and crypto.
The list keeps going.
But above all, I just feel sorry for the countless people in this industry and across the House and Senate (from both parties) who have worked hard on this for so long, and for America’s leadership light dimming just a little.
Keep going
This is the topic, bro
$BTC $NVDAB $ETH #FedRateWatch #USSenateBlocksClarityAct #ClarityActOddsHalveOnPolymarket
The line separating tokens and securities is no longer clear.
Entrepreneurs will continue to choose building and raising capital overseas.
Investors will not get more information, or protection.
Developers do not have additional safeguards for decentralized systems.
Banks are stuck with stablecoins that can pay out returns (yield).
There is absolutely no ethical firewall for government employees and crypto.
The list keeps going.
But above all, I just feel sorry for the countless people in this industry and across the House and Senate (from both parties) who have worked hard on this for so long, and for America’s leadership light dimming just a little.
Keep going
This is the topic, bro
$BTC $NVDAB $ETH #FedRateWatch #USSenateBlocksClarityAct #ClarityActOddsHalveOnPolymarket