Morning Edition · Thursday, October 1, 2026Published at 1:49 AM EDT · New York

Crypto Lobbying Spent 8 Million Dollars on a Market-Structure Bill That Never Passed

As the industry's Clarity Act campaign stalls in the Senate, the CFTC is sending the White House swaps-definition rules that could override state gambling claims against prediction markets.

The digital-asset industry paid roughly 8 million dollars to lobbyists in the first half of this year, most of it tied to pushing the United States market-structure bill known as the Clarity Act through the Senate. The bill did not reach a…