$480 million in crypto gets wiped out after CLARITY Act fails

Crypto bulls just learned a $480 million lesson: never trust Washington. Despite helping negotiate the CLARITY Act, seven Democrats flipped and killed the bill, vaporizing the accounts of 100,000 traders. With legislation now dead until 2027, the industry remains trapped under SEC rulemaking rather than clear law. This massive failure of one-sided leverage proves the market is dangerously delusional about political promises. Was this a political rug pull, or just reckless trader greed?
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