BTCC
/
BTCC Square
/
CryptotimesIO
/
Crypto Setback: GENIUS and CLARITY Acts Collapse in US Senate Vote During Pivotal Week for Digital Assets
Crypto Setback: GENIUS and CLARITY Acts Collapse in US Senate Vote During Pivotal Week for Digital Assets
10
3
Washington just handed crypto a brutal reality check—right as the industry was popping champagne.
Legislative gut punch: The GENIUS and CLARITY Acts failed a critical procedural vote, derailing two major crypto regulatory frameworks. No bipartisan lovefest here—just another day of DC dysfunction.
Market irony alert: This happened during 'Crypto Week,' when lobbyists flooded Capitol Hill with blockchain buzzwords and promises of Web3 utopia. Guess lawmakers still prefer their financial systems centralized—and their kickbacks in fiat.
Silver lining? The bills' collapse leaves room for leaner, meaner legislation. Or more likely: another 12 months of regulatory purgatory while Wall Street quietly builds its own permissioned chains.
By:
