Sources: If an exchange fails to present an effective plan to resume negotiations, the White House may consider withdrawing its support for the CLARITY Act.
Foresight News reported, citing crypto journalist Eleanor Terrett, that sources revealed the White House may consider withdrawing its support for the CLARITY Act if a certain exchange fails to propose an effective plan to return to negotiations. The White House is reportedly furious about the exchange's previous "unilateral" actions, as it was apparently not notified in advance. The White House described this move as a "sudden reversal" for both the White House and the entire industry.
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