Currently a Republican controlled Senate+House is failing to accept the Clarity act.Would Democrats make it more likely to pass? Or will it have an even lower chance of passing next year?
An even lower chance. Republicans are trying and failing to be the party of crypto, and Democrats are in opposition to this. It didn't pass because of Trump's lack of transparency over his holdings, too, so expect zero progress until he's out.
>>62695319I guess RIP crypto then for the foreseeable future
EXPECT THE BIGGEST BULLRUN FROM TRUMP-CONTROLLED SEC TO MAKE DEMS SEETHE
>>62695354Yeahyeah crypto president number one mumbai saar many moons!
Whoever controls these crypto bills basically gets to decide on controlling the slave class of humanity. What you're witnessing is a fight over the one ring to rule them all. Gollum will attack hobbits. Orcs will attack men. Men will turn on men. Elves will fuck off and let the goy deal in the real world.
>>62695319>It didn't pass because of Trump's lack of transparency over his holdingsTrump made pretty much every concessions imaginable in this aspect; transparency, a ban on crypto involvement, etc. And the Dems still shot it down.The banks also wanted to stop stablecoin yield as this would draw money away from them, so they also lobbied against Clarity.The result: without Clarity Trump can keep profiting from crypto without restraint, and stablecoins can keep offering yield.Both the Dems and the banks lose.
>>62695373no, it means that when the dems win the presidency and restore the SEC, they will go after crypto again. without the clarity act there is nothing to stop them from prosecuting the many financial crimes committed during this administration. the industry was retarded to put all their eggs in this basket
>>62695390>when the dems win the presidency and restore the SEC, they will go after crypto againTheir whole thing was Trump profiting off crypto as president.Well now they cannot touch Trump and any crypto activities he may choose to undertake for the entirety of his presidency
>>62695394you don't get it. the entire purpose of the bill was to buy protection for people like trump and cz. without a "market framework" the regulation of crypto falls to the SEC, as it was under Gensler. the current SEC can cope by issuing its own rules, but all of that will be torn up as soon as blue team steps into the office and starts issuing subpoenas
>>62695397Read my post again, slowly.
>>62695402somehow you've forgotten how the sec behaved under an unfriendly administration, and you imagine that all of the bullshit they've pulled will go unscrutinized when it is magnitudes worse than anything ripple or dragonchain did. the crypto industry is in deep shit after failing to get this passed
>>62695404>somehow you've forgotten how the sec behaved under an unfriendly administrationI haven't.But you thinking that only proves that you didn't actually read my post.
>>62695405if trump and his affiliates continue doing dumb shit it just gives them more fuel. especially now that it's guaranteed that this bill isn't going to pass
Any hope left for crypto? Feels like there is no potential catalyst anymore
>>62695443>Any hope left for crypto?Sure, mass adoption later this year. Clarity not needed.
republicans lose both housesBoomSolved the future for youHere's another freebie: democrats will actively make things worse than they already are
