FLASH: The US Clarity Act has failed.

This setback might push crypto innovation overseas.

Here is what you need to know:

🚨 US markets could lose short-term competitiveness

🚨 Industry leaders warn of regulatory vacuum

🚨 SEC and CFTC rules will still govern the space

This could impact major assets like $BTC and $ETH as capital seeks friendly shores.

Source: CoinDesk.

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