The US Senate vote on the Clarity Act

The US Senate vote on the Clarity Act has been rescheduled to Thursday this week.

The passage of the Clarity Act could provide clearer regulations for the cryptocurrency market, potentially stabilizing the financial environment and influencing investor confidence. However, the direct impact on the US dollar would depend on various economic factors and market reactions following the legislation's implementation.

Fortune lw.com

The CLARITY Act seeks to clarify U.S. crypto regulation by dividing oversight between the SEC and CFTC.

::: OPINION

The hard truth.

The CLARITY Act is the nationalization of crypto under the guise of consumer protection. I call it the final handover of decentralized finance to the same banks that nearly broke the world in 2008.

This bill was never about protecting investors, it’s about protecting incumbents from anyone who might actually disrupt them. In the end, CLARITY simply means that the old money finally figured out how to own the new money, legally and forever, which was the plan from day one.

Vandell | Black Swan Capitalist