A Pivot for Domestic Capital

The U.S. Senate Banking Committee’s recent advancement of the CLARITY Act marks a major pivot for domestic capital. Proponents, like U.S. Commerce Secretary Howard Lutnick, say the bill delivers much-needed regulatory certainty, cementing the U.S. as a premier crypto hub and laying the groundwork for a global digital asset standard.

Yet, critics argue that unilateral U.S. law cannot substitute…