By Mark Hays, Associate Director for Crypto & Fintech with AFR/AFREF and with Demand Progress

Soon, Senators will face a stark choice when the crypto industry’s top priority, the CLARITY Act, comes up for a vote. They can stand firm against the crypto industry’s aggressive and well-funded efforts to buy policy outcomes, stand up for people, and vote against this fatally flawed bill. Or, they capitulate to the industry and billionaires and pass legislation that locks in crypto deregulation, legitimizes the industry’s worst practices, emboldens the President’s never-ending crypto grift, and puts our entire financial system at risk.

CLARITY won’t create regulatory clarity. That’s just intentionally misleading…