How Trump’s crypto winnings cost the industry looser regulation

At stake was the Clarity Act, which would have provided light-touch regulation over cryptocurrency assets.

[Source images: Photo by Spencer Platt/Getty Images]

The crypto industry has just suffered a paradoxical defeat: Its biggest backer, President Donald Trump, inadvertently helped scuttle chances for a major legislative win, thanks to revelations of the riches he and his family have made off of their crypto ventures.

The industry is now scrambling to advance its agenda through crypto-friendly regulation instead of legislation. But the prospect of Democratic........

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