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Figure co-founder: A certain exchange is still obstructing the passage of the CLARITY Act, the industry does not need to care about its opinion

Figure co-founder: A certain exchange is still obstructing the passage of the CLARITY Act, the industry does not need to care about its opinion

ForesightNewsForesightNews2026/04/06 05:37
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Foresight News reported that Mike Cagney, co-founder and executive chairman of Figure, stated on Twitter that he recently received a 1099-MISC tax form from Exchange Custody showing $1,600 in income last year, while his three accounts at the exchange have a total balance of only about $10. After multiple unsuccessful attempts to resolve the issue with customer service, he was ultimately advised to "consult a tax advisor." He also criticized the exchange for still obstructing the passage of the CLARITY Act, stating that the blockchain industry no longer needs to care about their opinions.

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