The cloture vote for the Clarity Act failed this week. Faryar Shirzad, Coinbase Chief Policy Officer, analyzes the reasons for this failure: the late electoral calendar and a campaign of approximately $200 million led by major banks. He believes Congress has had its opportunity and that the real action now moves to the SEC, CFTC, and bank regulators under Paul Atkins. His three-track policy strategy spanning legislation, regulation, and international action still has strong momentum, according to Shirzad.
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