The Clarity Act, backed by major players like Goldman Sachs and Fidelity, is losing momentum despite strong support from regulators and law enforcement. This legislative effort aimed at clearer crypto regulations now appears unlikely to pass.
Meanwhile, BitMEX announced it will cease operations, marking another shift as the crypto market narrows. Industry experts say the ecosystem is consolidating, with only five major exchanges dominating trading volumes. This trend follows ongoing talks and struggles over regulatory clarity in the US crypto space.
