In July 2024, during a crypto conference held in Nashville, Donald Trump vowed that if he returned to the White House he would turn the U.S. into the crypto capital of the world. Two years later, the largest market for digital assets still lacks a law to regulate the industry, while Europe has had one since December 2024. On Tuesday, the Senate blocked the progress of the Clarity Act yet again, citing insufficient safeguards to prevent public officials — including the president himself — from benefiting from their crypto businesses. Despite the legislative setback for a bill that includes many of the industry’s proposals, the sector has not lost faith: crypto firms and entrepreneurs continue to pour money into Republicans and…