How Months of Clarity Act Work on Crypto Suddenly Fell Apart

Failed Legislative Vote Raises Questions Over Bill-Writing Process

Interviews with industry participants and legislative aides indicate that problems throughout the bill-drafting process contributed to the measure’s failed vote this month. Sources pointed to weaknesses in multiple stages of the bill’s development, as well as issues surrounding the broader legislative debate.

Concerns Across the Drafting Process

Participants described a process affected by shortcomings in nearly every aspect of the bill’s preparation. The concerns reportedly extended from the initial drafting work to the coordination and review that preceded the vote.

Debate Added to Passage Challenges

Sources also identified the debate surrounding the measure as a contributing factor in its failure. The accounts suggest that disagreements over the bill’s development and presentation made it more difficult to build sufficient support before lawmakers voted.

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