Crypto donors spent $8M lobbying for a bill that stalled

Crypto companies and groups donated about $8 million to push lobbyists and lawmakers toward passing the Clarity Act, a bill meant to spell out clearer crypto rules in the US. Despite the spending, the bill didn't get passed this time around, so the rules it would have set stay unresolved for now.

This doesn't change how your crypto works today, but it means the regulatory uncertainty that's been hanging over the industry continues a bit longer.

Nothing to do here — this is a political and legislative story, not something that affects your holdings or security right now.