The Clarity Act, hailed by some in crypto as a long-awaited fix for industry chaos, may actually be a trap — prioritizing exchanges and custodians over the decentralized tech crypto was meant to liberate. Critics argue it’s a political payoff to big donors who funded campaigns, sidelining developers and users while reinforcing intermediaries. With Congress stalled and midterms looming, Republicans are seizing the delay to shift blame — leaving the crypto community wondering if this bill will empower the old guard or truly innovate.
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