Why did Clarity Act fail today? For 3 obviously reasons:
1. Democrats wanted state attorneys general able to sue the president over his crypto income. The White House said no.
2. Eight bank lobbies wanted stablecoin rewards gone. They didn't get it, so their senators walked.
3, Eighteen state attorneys general said the bill took away their power to go after fraud.
Everything else, all sides agreed about - but these 3 things were big enough to kill the bill.