CLARITY Bill Fails Amid Trump's TRUMP Token and Legislative Delays

ChainCatcher report: Overseas crypto KOL Brady Dale posted on X that three individuals are responsible for the failure of the CLARITY Act: first, Trump, for launching the TRUMP token; second, Tim Scott, who insisted that the Senate waste time drafting its own version, exhausting the last remaining legislative momentum after the GENIUS Act passed; and third, Cynthia Lummis. Brady Dale stated that he had already believed the bill would struggle to advance last fall, and after Cynthia Lummis announced her retirement, the bill became entirely hopeless. He believes that SEC Chair Paul Atkins will still mitigate some of the impact to a certain extent, but today’s developments were not surprising—his goal was simply to redirect the crypto political action committee Fairshake’s focus toward October.