The CLARITY Act failed to advance, but this isn’t over, and the path forward is clear.
No president or senior official, Republican or Democrat, should regulate crypto while personally profiting from it. Require divestment or a genuine blind trust, prohibit new token ventures while in office, and establish enforcement independent of the official’s own administration.
The crypto community also needs to decide what it wants to represent: progress, independence and freedom or one political faction and its culture wars?
A global financial system cannot be represented by the same narrow circle of voices. Its advocates should reflect the diversity of its builders, entrepreneurs, investors and users.
Crypto needs a broader coalition, not another political master.
Crypto’s long march into mainstream finance took a step backward Tuesday when the Senate failed to advance the Clarity Act.
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