- Authoritarians itching to crack down on crypto, Coin Center warns.
- Software developers vulnerable without legislation, advocate says.
- Pro-crypto lawmakers continue to back Clarity.
Failure to pass the Clarity Act could one day see the Securities and Exchange Commission reverse its stance and “treat nearly all crypto as securities,” says a proponent of the bill.
The future of Clarity, a draft US law that seeks to consolidate and solidify crypto regulations and guidelines, remains in the balance. Negotiations on the bill have “not been pretty,” Ripple CEO Brad Garlinghouse said on Friday.
“Without Clarity […], the SEC will resurrect its effort to redefine the Exchange Act so broadly that developers and infrastructure providers can…
