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Crypto's Clarity Act collapses amid regulatory scramble

Original: Issue 110 – The Clarity Act collapses

The crypto industry's flagship US legislation, the Clarity Act, has collapsed, prompting regulators to rush to reassure markets. Meanwhile Sam Bankman-Fried is appealing to the Supreme Court, and crypto political action committees are spending $30 million against Senator Sherrod Brown ahead of the election.

Why now: The collapse of the industry's main legislative effort, combined with SBF's Supreme Court bid and major PAC spending, has put crypto politics back in the spotlight.

Clarity ActSam Bankman-FriedSherrod BrownUS Congress

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Evidence

• Issue 110 – The Clarity Act collapses · Citation Needed

  Regulators race to reassure the crypto industry as the industry’s flagship legislation collapses, SBF tries his luck with the Supreme Court, and crypto PACs unleash $30 million against Sherrod Brown

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