Eric Balchunas: The failure of the Clarity Act stems from political games and media bias

Bloomberg ETF analyst Eric Balchunas stated that the failure of the Clarity Act legislation was influenced by partisan disputes and not due to the cryptocurrency industry itself. He believes that about 90% of the media tend to target the cryptocurrency industry in various opportunities, which contradicts the progressive stance advocated by the media. Moreover, Bitcoin has anti censorship and anti currency devaluation characteristics, and has potential value for markets in poor countries. (Source: Bloomberg)