Viewpoint: The primary reason for the failure of the CLARITY Act is the launch of the TRUMP token by Trump

Overseas cryptocurrency KOL Brady Dale posted on X, stating that there are three responsible for the failure of the "CLARITY Act": first is Trump, due to his launch of the TRUMP token; second is Tim Scott, who insisted on having the Senate waste time drafting its own version, depleting the legislative momentum that remained after the passage of the "GENIUS Act"; third is Cynthia Lummis. Brady Dale mentioned that he believed last fall that the bill would be difficult to advance, and after Cynthia Lummis announced her retirement, the bill became completely hopeless.

He believes that the Chairman of the U.S. Securities and Exchange Commission, Paul Atkins, will still alleviate the related impacts to some extent, but the movements of that day were not surprising, as the goal was merely to redirect the cryptocurrency political action committee Fairshake towards October.