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- 1Crypto industry reels as Clarity Act collapses●Newsletter: Regulators race to reassure the crypto industry as the its flagship Clarity Act legislation collapses, SBF t
Regulators are scrambling to reassure the crypto industry after its flagship piece of legislation, the Clarity Act, collapsed. In other crypto news, Sam Bankman-Fried is appealing to the Supreme Court, and crypto political action committees are pouring $30 million into efforts against Senator Sherrod Brown of Ohio. The developments mark a turbulent stretch for the industry in Washington, touching legislation, litigation and election spending all at once.
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The crypto industry's flagship US legislation, the Clarity Act, has reportedly collapsed, prompting regulators to rush to reassure markets and companies. Alongside the bill's failure, Sam Bankman-Fried is attempting to take his case to the Supreme Court, while crypto political action committees are spending $30 million against Ohio Senator Sherrod Brown.