Clarity Bill Deliberation Livestream: The Next Cryptocurrency Crash Will Definitely Be Larger; We Should Prohibit Federal Agencies from Bailouting the Crypto Industry to Avoid American Taxpayers Paying the Bill

According to Odaily Odaily, the "Cryptocurrency Market Structure Act" (CLARITY Act) has begun deliberations by the U.S. Senate Banking Committee. Democratic Senator Tina Smith stated that Bitcoin has shrunk by nearly one-third since reaching its all-time high last year, and Ethereum has shrunk by more than half since its peak. These are just the two most significant assets in the cryptocurrency market; with nearly two trillion dollars in crypto asset value evaporated, it's almost certain that the next crash will be larger than the last. Therefore, the purpose of this amendment is simple: to prohibit federal agencies from bailing out the crypto industry, thereby preventing American taxpayers from footing the bill.