Though the bill failed to advance, EC and CFTC rules "could achieve much of what the legislation sought to." However, agency rules are open to interpretation by a future administration #finreg www.wsj.com/politics/pol...
wsj.com
Failure of Clarity Act Turns Crypto Industry Focus to Federal Regulators
EXCLUSIVE: The act’s failure to progress leaves regulation of the cryptocurrency industry in the hands of government agencies and vulnerable to interpretation as administrations change, analysts said.