Former CFTC chairman and White House crypto adviser cite politics in Clarity Act impasse

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  • Former CFTC chairman @giancarloMKTS and White House crypto council executive director Patrick Witt attributed the Clarity Act impasse to political opposition.
  • Witt said Trump agreed to ethics provisions he described as unprecedented, while denying that Trump’s personal crypto interests caused the Senate failure.
  • Giancarlo said part of the political left opposed the technology as too liberating; Witt said Democrats politicized the debate at Georgetown University.
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