Clarity Act: The Political Trap for Crypto's Future

After years of stalled legislation, misguided enforcement, and catastrophic collapses, almost any comprehensive crypto bill began to look like progress. But the Clarity Act is turning that hunger for progress into a political trap, argues Berkeley Law lecturer Hermine Wong. The bill's vague definitions and overly restrictive provisions threaten the freedom of crypto assets while also providing political parties with an opportunity to score points on the issue. This development sends a concerning signal for the future of the crypto ecosystem.