Crypto Industry's Clarity Act Fails Amid Last-Minute Behind-the-Scenes Disputes

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The Clarity Act, a market structure bill that the cryptocurrency industry had placed its highest hopes on, suffered a significant legislative setback. Behind-the-scenes disagreements emerged at the last minute, derailing the bill's progress. Multiple parties were involved in the disputes that ultimately led to the legislation's poor showing. The failure marks a notable blow to the crypto sector's ambitions for regulatory clarity in the United States.

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