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Coinbase-Backed Crypto Group Warns of Midterms Payback After Clarity Act Fails

Coinbase-Backed Crypto Group Warns of Midterms Payback After Clarity Act Fails

In brief

  • The Senate failed to advance the Clarity Act in a procedural vote Tuesday.
  • Stand With Crypto will include the vote in its ratings of lawmakers.
  • The group pledged to keep mobilizing its three million advocates for passage.

Stand With Crypto, a Coinbase-backed advocacy group, warned of electoral consequences Tuesday after the Senate failed to advance the Clarity Act.

In a statement following the vote, Stand With Crypto said it would add senators’ votes to its lawmaker scorecards ahead of November’s midterms.

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“Today’s vote was a failure of leadership,” executive director Mason Lynaugh said in a statement. “67 million crypto-owning Americans…

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