There were many conductors in the derailment of the crypto industry’s Clarity Act

There were many conductors in the derailment of the crypto industry’s Clarity Act

Özet: Kripto piyasasında önemli gelişmeler yaşanıyor.

Senator Cynthia Lummis’ disappointment was already palpable the day before the U.S.

Senate shot down the Digital Asset Market Clarity Act.

She stood on a stage at a crypto event in Washington and talked about how she’d worked on the bill for more than five years — the bulk of her career as a senator.

Lummis, who is retiring soon, knew by then that things were going badly.

She and other Republicans had made what they characterized as their final offer, which they argued carried more concessions to Democrats, including another agreement from President Donald Trump to accept unprecedented ethics constraints on his crypto holdings.

But Democrats were already rebuffing it and coming out with more demands.

From the other side, the Democrats saw legislation that they argued was substantially similar to what was already on the table and still let Trump evade real responsibility for conflicts of interest in controlling a crypto empire while also steering its oversight.

That didn’t really have much to do with the actual crypto market structure policies at the heart of the bill, but it’s the issue they circled their wagons around.

“The president should not be able to use the power and influence of his office to benefit his own crypto holdings while his administration makes decisions that could directly affect their value,” said Senator Mark Warner, one of the Democrats who worked on the illicit-finance portions of the bill and said he really wanted to vote yes on it.

“At a minimum, any serious crypto legislation must include meaningful ethics requirements that prevent the president and other senior government officials from profiting off the policies they oversee.” But the Democrats said they were making an effort to continue talks down to the wire, and they were rebuffed by Republicans who shut down the negotiation and proceeded with the vote.

Analiz: Piyasa hareketliliği devam ediyor.