Crypto Can't Go Mainstream Without the Clarity Act

US regulators are determined to boost cryptoassets. That’s unsurprising when they owe their jobs to the meme-coin billionaire (and US President) Donald Trump. But after the Senate last week voted down the wide-ranging Clarity Act, any efforts by market watchdogs to codify rules for digital-asset markets risk being shot down by the next administration. And worse, the Supreme Court has already undercut agency rulemaking powers, anyway.