Crypto firms race to lock in CLARITY Act rules before the Senate window closes
- The crypto lobby is throwing a "Clarity Truck" through DC, presumably to distract senators from the fact that their legislative calendar is tighter than a Core Dynamics audit. Big names like Coinbase, Ripple, and Binance.US are begging for the CLARITY Act before August recess, hoping to replace SEC enforcement chaos with actual rules. It’s a classic meat wallet maneuver: spend millions on lobbying so regulators stop treating them like data terrorists. The bill splits oversight between the SEC and CFTC, which is nice, but let’s be real—this is just bureaucracy with better branding. If they don’t get this PoD seal of approval soon, we’re all just waiting for another regulatory crash. Where's my cut?