CoinDesk·3 min read·hard
OKX's Rafique doubts Clarity Act will pass, warns optimism is already priced into bitcoin
W
Will Canny
✦AI Summary
An executive from the crypto exchange OKX expressed skepticism regarding the passage of the U.S. Clarity Act before the upcoming midterm elections. He argued that political polarization and party incentives make legislative progress unlikely in the near term.
Rafique, who is the exchange’s global managing partner for Corporate Affairs and Investor Relations, said Democrats have little incentive to hand Republicans a major legislative victory ahead of this year's midterm elections, particularly given criticism surrounding President Donald Trump's ties to the crypto industry.
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