PANews|Sep 21, 2026 11:14
[Bloomberg ETF Analyst: Clarity Act Failed More Due to Political Maneuvering and Media Bias]
Bloomberg ETF analyst Eric Balchunas stated that, from his perspective, the crypto industry went 'all out' to push progress during the Clarity Act legislative process. However, the bill was ultimately hindered by partisan disputes, rather than the industry 'messing it up' itself. He noted that approximately 90% of media outlets tend to 'bash' the crypto industry at every opportunity, a tendency that has become more pronounced under the current administration, which is relatively friendlier toward crypto. Considering Bitcoin's censorship-resistant and anti-currency depreciation characteristics, especially its potential value in markets of impoverished countries, he believes this media attitude contrasts sharply with the 'progressive' stance they claim to uphold.
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