With the upcoming markup of Clarity in the Senate things are reaching a boiling point with both sides unsure of whether the bill will pass. Here is why I think Clarity FAILING would be good news for DeFi (and maybe the rest of crypto too) One of the foundational elements of Clarity is giving the CFTC jurisdiction over crypto spot markets. During the last administration, big players in the industry wanted this because the Gensler SEC was suing them and because some had broken securities laws via unregistered securities offerings