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Eleanor Terrett on the FTX ghost haunting Clarity Act politics: "There's a lot of PTSD from FTX, especially among Democrats who took money from Sam Bankman-Fried, gave time to SBF, who ended up being what he was." "A lot of folks on the Hill haven't recovered from that. They see crypto as synonymous with FTX and SBF." "There's a world where they just can't see beyond that, no matter what the industry does to redeem itself." "But the Clarity Act itself has bankruptcy remoteness protections built in. If a crypto exchange fails, customers get the same rights they'd have if a traditional financial platform went bankrupt." "The bill prevents another FTX and that's exactly what Democrats say they want."

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