CoinDesk
FTX's Survival Secret: The Senate-Rejected Law That Could Have Saved Crypto
August 7, 2026•11:30 AM
The CLARITY Act, designed to provide clear guidelines for digital asset classification and exchange responsibilities, could have prevented some of the chaos caused by FTX's collapse. Its rejection by the Senate leaves the crypto sector in a regulatory gray zone, where legal uncertainty continues to pose significant risks for investors and crypto businesses alike.
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