The Clarity Act Fails to Pass in Senate. Here's the Most Likely Scenario for the Crypto Industry in 2027.
The crypto market is acting like the bill's failure is barely a bump in the road.
Overview
On Sept. 15, the Senate voted not to advance the Clarity Act. The bill would have enshrined into law which regulatory agencies are responsible for overseeing which crypto assets and why, so its failure is a defeat for the crypto industry's most intensive lobbying efforts to date.
But that doesn't mean the industry will return to the legal fog of a few years ago. Here's how things are likely to look in 2027.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
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