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BitMEX Shuts and CLARITY Act Hopes Fade as Crypto Consolidates Around Five Players

7/27/2026

regulatory window for digital assets is narrowing.

The CLARITY Act, a legislative framework that had drawn backing from Goldman Sachs, Fidelity, and law enforcement bodies, is losing momentum, while BitMEX confirmed it will close as a lawsuit looms.

Read together, the two developments point to a sector-wide contraction concentrating the industry around a shrinking group of dominant platforms.

CLARITY Act: institutional support was not enough The coalition behind the CLARITY Act was, by any measure, unusual for a crypto bill.