When FTX collapsed, the parts of it bound by law survived. Mainstream finance is now converging with digital assets, and the law built to protect it the same way is the one the Senate did not pass this week, argues Bullish's Randi Abernethy. In the weeks the Senate spent not passing the CLARITY Act, the largest institutions in American finance kept moving onchain. JPMorgan tokenized ETF holdings through the Depository Trust & Clearing Corporations (DTCC) production pilot, and more than 50…
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