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
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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