Consensys’ Bill Hughes to Senate: Pass the CLARITY Act Now or Lose the Crypto Market for Years

TLDR: U.S. users drove over $1 trillion in crypto volume in early 2025, yet offshore exchanges captured most of the trading activity. Binance held 38% of global spot market share while Coinbase, the top U.S. platform, sat below 7% of worldwide volume. Sanctioned actors from Russia, Iran, and North Korea have exploited offshore venues to [...]

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