The Clarity Act, aimed at regulating the crypto space, has seen its prospects dwindle after failing to gain sufficient traction despite support from major players like Goldman Sachs and Fidelity. The lack of progress on this front has led to concerns about regulatory uncertainty in the industry.
Source
"BitMEX Closure Looms Amid Crypto Consolidation" — Cointelegraph
This article is Bitcoincryptos' summary and analysis of reporting originally published by Cointelegraph. Read the full original report at the link above.