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#CLARITYActPathForward
CLARITY failed 49-50, but the more interesting story is what happens without it 👀
Seven Democratic negotiators called the vote a setback, not an endpoint, while the SEC and CFTC say rulemaking will continue under existing authority.
Congress may have stalled, but regulation hasn't.
The longer CLARITY waits, the more crypto's US rulebook could be shaped by agencies first and lawmakers later.
