Crypto Industry Lobbies Hard for CLARITY Act—Will House Lawmakers Bite?
Crypto firms are turning up the heat on Capitol Hill, pushing lawmakers to back the controversial CLARITY Act. The bill—pitched as a regulatory 'light touch' framework—could redefine how digital assets are governed in the U.S. But skeptics warn it might just be another loophole for an industry that treats compliance like an optional side quest.
Why now? With midterms looming and crypto PACs funneling millions into campaigns, the timing isn’t exactly subtle. Meanwhile, traditional finance watches from the sidelines, sipping champagne and muttering about 'decentralized accountability.'
The bottom line: If passed, CLARITY could turbocharge innovation—or become a masterclass in regulatory arbitrage. Either way, the crypto lobby isn’t waiting for permission.
