- Experts think time is running out for the act ahead of midterms.
- Other countries will find own paths if bill fails, warns exchange chief.
- Overall crypto pie will shrink if Clarity dies, expert says.
The fate of the Clarity Act — a bill that proposes establishing a regulatory framework for the crypto sector in the US — hangs in the balance as the midterms approach, observers say.
But should the bill fail to pass the Senate, the US may end up losing its leading role in the crypto space, industry insiders warn.
“Right now, the world is looking to the US for the blueprint,” Stephan Lutz, CEO of BitMEX, told DL News. “This function might be at risk if [Clarity] fails — not just as a regulatory setback, but as a trigger for other…
