Clarity Act Called Anti-Crypto by Berkeley's Wong
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- Hermine Wong, a Berkeley Law lecturer, argues that the proposed Clarity Act functions as an 'anti-crypto bill' that turns the crypto industry's hunger for legislative progress into a political trap.
- Wong's argument is set against a backdrop of years of stalled crypto bills, misguided enforcement, and catastrophic collapses — conditions she says primed the industry to treat any comprehensive crypto legislation as progress.
Why it matters: Wong's argument reverses the dominant coverage framing — CoinDesk's 'Pass the Clarity Act' and WSJ's framing of Clarity progress as a Bitcoin-rally driver treat the bill as welcome momentum, while Wong argues that momentum exploits the industry's post-collapse desperation to lock in terms contrary to its interests.
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