CLARITY Act moves to a fight between cops and coders

- The CLARITY Act is currently stuck in a 90-minute standoff between cops and coders, because nothing says "regulatory clarity" like a White House meeting that feels more like a hostage negotiation. Law enforcement wants to treat every open-source developer as a money transmitter, presumably because they think writing code is the same as moving funds. Spoiler: it’s not. The industry argues that protecting non-controlling developers from being classified as financial intermediaries actually helps enforcement by keeping builders in the US rather than offshore. It’s a classic case of bureaucrats trying to regulate hash manifests as if they were physical cargo. If you can’t tell the difference between a self-custody wallet and a centralized exchange, maybe stick to policing paper trails. The bill needs 60 votes, and right now, the only thing getting traced is the sheer absurdity of trying to arrest software for existing.