The CLARITY Act stalling in the Senate is not a hit to crypto natives, it is a penalty on TradFi.
Prediction markets called it early, tanking odds from 90% to 18%. Degens and offshore desks trade through regulatory gray zones regardless. The actual casualties are traditional banks that need a legal permission slip before committing balance sheet capital.
Without a clear CFTC line, institutional volume stays sidelined and RWA secondary liquidity stays broken. US politics does not freeze global crypto, it just hands market share to Singapore and the UAE.
yellow.com/news/clarity-act-…