Clarify Act Failure Doesn't Halt US Innovation, Former CFTC Chair Says

While the progress of the 'Clarify Act'—a bill aimed at clarifying the digital asset market structure—was stalled in the US Senate, there are expectations that regulation and financial innovation centered around regulatory agencies will continue. Eleanor Terrett, a co-founder of 'Crypto in America' and a journalist well-versed in US political circles, shared on X (formerly Twitter) a statement from Christopher Giancarlo, former chairman of the Commodity Futures Trading Commission (CFTC). According to him, the Clarify Act's failure in Senate procedural voting won't stop the US innovation march.