CryptoBearishBlockonomi · 6h ago7/10
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Consensys’ Bill Hughes to Senate: Pass the CLARITY Act Now or Lose the Crypto Market for Years
ConsenSys executive Bill Hughes urged the U.S. Senate to pass the CLARITY Act, warning that regulatory inaction risks ceding the crypto market to offshore exchanges. Despite U.S. users generating over $1 trillion in crypto volume in early 2025, offshore platforms like Binance (38% global spot market share) dominate while Coinbase holds less than 7% worldwide, with sanctioned actors exploiting unregulated venues.