a16z: without CLARITY Act, next crash will be worse than FTX
- —Jennings: the CLARITY Act would introduce segregation of client assets and restrictions on insider trading
- —The law would delineate SEC and CFTC authority over the digital asset market
- —Stablecoin volume has topped $300 billion, tokenized assets $30 billion
- —a16z warns: without Senate action, the next crash will be bigger than FTX
Why it matters: The Senate vote on the CLARITY Act is expected Sept. 15 — market rules and client fund protection hinge on the outcome.
Source: PANews