a lot happened behind the scenes on clarity. most i’ll never say bc good people on both sides stuck their necks out
but the fact that this wsj story only has 1 industry source on the record to substantiate its core claims of “blame game” should tell you all you need to know 🙄
Here’s how WSJ is framing Clarity Act failure…
Paints Coinbase CEO Brian Armstrong as being overly aggressive in negotiating, which impeded progress on the bill.
Also the usual talking points re: Trump ethics.
My take? Crypto didn’t blow its big moment. The banking industry & politicians in its pockets got their way. Let’s not overthink it.