Mmastodon WorldUS Politics first seen 14 h ago, last 8 h ago, peak #1
Crypto industry reels as Clarity Act collapses
Original: 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.
Why now: A major crypto bill collapsing, an SBF Supreme Court bid and large PAC spending against Sherrod Brown are all moving at the same time.
Sam Bankman-FriedSherrod BrownClarity ActUS Congress
Evidence
- Newsletter: Regulators race to reassure the crypto industry as the its flagship Clarity Act legislation collapses, SBF tries his luck with the Supreme Court, and crypto PACs unleash $30 million against Sherrod Brown. https://www. citationneeded.news/issue-110/ # crypto #… · molly0xfff@hachyderm.io · 107
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