📰 Bloomberg ETF analyst Eric Balchunas believes that this time the Clarity Act was not able to move forward—not because the crypto industry “sabotaged itself,” but because it got stuck in partisan infighting and political maneuvering.
He said that the crypto industry has already “gone all in” on pushing the bill forward, but in the end it was still held back by political factors. Honestly, this is definitely a bit different from what many people immediately try to blame solely on the industry.
🔥 Balchunas also noted that when given various opportunities, about 90% of the media will “take shots” at the crypto industry. And especially after the current government became more friendly toward crypto, this tendency has become even more pronounced.
In fact, his contrasting viewpoint is also very direct: Bitcoin has the characteristics of censorship resistance and resistance to currency debasement, and in markets in impoverished countries it could have real value. Since those traits really exist, yet the media still habitually dismiss them—and considering its self-professed “progressive” stance—it leaves you feeling somewhat conflicted.
🤔 With the Clarity Act being blocked this time, do you think it was mainly due to partisan struggles, or the greater impact of the media’s long-term negative coverage?
#ClarityAct #比特币 #加密监管 #crypto industry
He said that the crypto industry has already “gone all in” on pushing the bill forward, but in the end it was still held back by political factors. Honestly, this is definitely a bit different from what many people immediately try to blame solely on the industry.
🔥 Balchunas also noted that when given various opportunities, about 90% of the media will “take shots” at the crypto industry. And especially after the current government became more friendly toward crypto, this tendency has become even more pronounced.
In fact, his contrasting viewpoint is also very direct: Bitcoin has the characteristics of censorship resistance and resistance to currency debasement, and in markets in impoverished countries it could have real value. Since those traits really exist, yet the media still habitually dismiss them—and considering its self-professed “progressive” stance—it leaves you feeling somewhat conflicted.
🤔 With the Clarity Act being blocked this time, do you think it was mainly due to partisan struggles, or the greater impact of the media’s long-term negative coverage?
#ClarityAct #比特币 #加密监管 #crypto industry
