According to reporting from CoinTelegraph, the chances of the Clarity Act passing are diminishing, despite having support from prominent institutions such as Goldman Sachs, Fidelity, and law enforcement bodies.
Meanwhile, BitMEX is set to shut down as the cryptocurrency market consolidates into five major players, marking a significant shift in the industry landscape.
The Clarity Act had garnered significant attention and support, but its prospects now appear to be fading, while the closure of BitMEX underscores the ongoing consolidation in the crypto space.