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Clarity Act collapse shakes crypto as regulators scramble

Original: Newsletter: Regulators race to reassure the crypto industry as the its flagship Clarity Act legislation collapses, SBF t

Crypto policy in Washington is in turmoil: the flagship Clarity Act legislation has collapsed, prompting regulators to rush to reassure the industry. Meanwhile, Sam Bankman-Fried is appealing to the Supreme Court, and crypto political action committees are pouring $30 million into efforts against Senator Sherrod Brown. The moves highlight how much money and political influence the industry is wielding even as its key legislative priorities falter.

Why now: Major developments in crypto regulation and campaign spending landed at once, drawing attention to the industry's political fight in Washington.

Sam Bankman-FriedSherrod BrownClarity Actcrypto PACs

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