$8M burned on Clarity Act lobbyists who fumbled the bag
Crypto industry just got exposed for lighting money on fire. Dropped $8 million on lobbyists pushing the Clarity Act and they couldn't even get it across the finish line.
This is why we can't have nice things. Industry keeps throwing cash at DC consultants who promise regulatory wins and deliver nothing but PowerPoints and excuses.
Meanwhile retail is still trading in regulatory limbo while these suits collect checks. Wild that we can coordinate global DeFi protocols but can't get basic legislation passed with an 8-figure budget.
Maybe time to rethink the lobbying playbook
Crypto industry just got exposed for lighting money on fire. Dropped $8 million on lobbyists pushing the Clarity Act and they couldn't even get it across the finish line.
This is why we can't have nice things. Industry keeps throwing cash at DC consultants who promise regulatory wins and deliver nothing but PowerPoints and excuses.
Meanwhile retail is still trading in regulatory limbo while these suits collect checks. Wild that we can coordinate global DeFi protocols but can't get basic legislation passed with an 8-figure budget.
Maybe time to rethink the lobbying playbook