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#CLARITYActPathForward The vote failed, but the rulemaking clock didn't stop 👀
CLARITY fell short 49-50, yet seven Democratic negotiators are already calling it a setback, not the endpoint. Meanwhile, the SEC and CFTC say they'll keep advancing crypto rules using existing authority.
What caught my attention is the two-track race now forming.
Congress can still deliver durable law. Regulators can move faster, but agency rules may prove less permanent.
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