Clarity / Calamity
It’s not quite as seismic as Martin Luther nailing his 95 theses on the door of the Castle Church in Wittenberg on October 31, 1517 and began Protestantism, but the 12 arguments against the Clarity Act by former SEC staffer John Reed Stark are worth reading: Twelve Reasons Why The CLARITY Act Is the Worst Financial Legislation In Modern American History (John Reed Stark LinkedIn).
Worryingly, Forbes reports on Crypto’s Obstacle Course Towards A Bipartisan Clarity Compromise, albeit the story notes “ethics remain a sticking point” and it’s still not clear that a reconciled bill can pass. Nevertheless, The Block adds Trump Agrees To Ethics Provision As Crypto Bill Inches Closer To Senate Vote.
In a political twist which may presage Democratic reluctance to endorse the Clarity Bill (as previously trailed here), Bernie Sanders Vows To Take On Crypto Ahead Of 2026 Elections (Crypto News).
Ultimately, alongside those 12 arguments against the Clarity Act, the bill looks to be up to a dozen Senate votes short.
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