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America Just Blinked First — And the Crypto World Is Still Processing It
The Digital Asset Market Clarity Act has done what once seemed impossible: convinced Washington to govern crypto rather than simply punish it. Here is what comes next — and what it means for your money.
Wealthy Mindset10 min read·Just now--
In November 2022, Sam Bankman-Fried flew back to the Bahamas on a commercial flight. Behind him, FTX was imploding in real time — $8 billion in customer funds missing, a balance sheet that read like a confession, and a contagion spreading through crypto markets that would wipe out hundreds of billions of dollars in value within days. In Washington, regulators said what they always say: “We told you so.”
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What they did not say — because they could not — was what the actual rules were. Which assets were securities? Which agency had jurisdiction? What did a compliant exchange even look like? These were not rhetorical questions. They were structural failures. And for the next three years, they remained unanswered.
They are about to get an answer.
The final legislative text of the Digital Asset Market Clarity Act — passed by the House of…
