a16z urges Senate to advance CLARITY Act ahead of Sept. 15 vote
- —Jennings pointed to independent custody, segregation of client assets and additional disclosures
- —The bill would split oversight: CFTC for digital commodities, SEC for digital securities
- —The Sept. 15 vote is procedural, not final passage of the bill
- —Disputes over DeFi registration, ethics and stablecoin yield remain unresolved
Why it matters: The outcome of the vote will determine whether the U.S. market gets a federal framework for spot regulation or remains under fragmented state oversight.
Source: The Crypto Times