Crypto Bet Big On U.S. Regulation, And Now Its Landmark Legislation Hangs In The Balance
By CNBC
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The crypto industry's biggest legislative bet is being put to the test as Congress prepares to return from its August recess. Lobbyists and lawmakers are sifting through the Clarity Act in hopes of passing the comprehensive crypto rulebook before the midterm elections. But the industry is signaling waning confidence that the bill will pass, and is instead looking to other agencies like the SEC and CFTC to regulate the industry without Clarity. Hosted by: Talia Kaplan, Tanaya Macheel Edited by: Rowan Buck Senior Managing Producer: Jordan Smith Animation by: Jason Reginato Additional Footage: Getty Images » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Want to get ahead at work? Then you need to learn how
Tags: crypto, bitcoin, ethereum, clarity, congress, regulation, SEC, CFTC, White House, Trump, cryptocurrency, blockchain
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