The CLARITY Act didn’t pass.
More precisely, it didn’t even clear the key procedural threshold in the Senate.
It needed 60 votes, and in the end only about 49 voted in favor.
The crypto industry spent a lot of time, money, and political resources to get a clear set of rules of the game.
But the answer it got yesterday was:
**The rules can be negotiated, but power won’t automatically move out of the way.**
Many people translate “U.S. regulatory friendliness” directly as “the good news is already cashed in.”
Now it seems that translation may have been too early.
**Policy is the narrative—voting is the settlement.**
#bitcoin #Web3
More precisely, it didn’t even clear the key procedural threshold in the Senate.
It needed 60 votes, and in the end only about 49 voted in favor.
The crypto industry spent a lot of time, money, and political resources to get a clear set of rules of the game.
But the answer it got yesterday was:
**The rules can be negotiated, but power won’t automatically move out of the way.**
Many people translate “U.S. regulatory friendliness” directly as “the good news is already cashed in.”
Now it seems that translation may have been too early.
**Policy is the narrative—voting is the settlement.**
#bitcoin #Web3
