The Clarity Act dies–right again

With “AI regulatory capture” dominating the headlines and discourse online, a smaller but still important story is the failure of the Clarity Act gain the necessary 60 Senate votes to pass to the next stage, effectively killing it: Washington — The Senate on Tuesday failed to advance a sweeping cryptocurrency bill known as the Clarity Act, amid opposition from Democrats and a handful of Republicans. In a 49 to 50 vote, the measure fell short of the 60 votes needed to move forward, with all Democrats and four Republicans opposing. Recall, the big concern in 2024-2025 was that crypto interests has “captured” the presidency, or that Trump had “sold out” to crypto donors; instead, the opposite happened. I was right again that crypto donors still have nothing to show for their support in 2024: no Bitcoin reserve, no Clarity Act, no direct investment of crypto assets or stocks, and no shout-outs on Twitter from Trump imploring people to buy crypto or endorsing Bitcoin. Just the same same…