Mmastodon BusinessCrypto first seen 9 h ago, last 4 h ago, peak #7
Clarity Act crypto bill collapses after failed procedural vote
Original: "After years of political pressure, hundreds of millions of dollars to fund the campaigns of pro-crypto politicians, and
A broad-ranging US cryptocurrency market bill, the Clarity Act, has collapsed after a procedural vote to advance it failed. The defeat came despite years of political pressure, at least $8 million in lobbying, and hundreds of millions of dollars in campaign funding for pro-crypto politicians. Observers are treating it as a major setback for the crypto industry's legislative push in Washington.
Why now: A heavily funded and lobbied crypto bill unexpectedly failed at the last minute, prompting debate over the industry's influence in US politics.
Clarity ActUS Congresscryptocurrency industry
Rank over time, top of the chart is #1. 5 snapshots from 9 h ago to 4 h ago.
Evidence
- "After years of political pressure, hundreds of millions of dollars to fund the campaigns of pro-crypto politicians, and at least $8 million in lobbying, the Clarity Act collapsed at the eleventh hour when a procedural vote to advance the broad-ranging cryptocurrency market… · remixtures@tldr.nettime.org · 3
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