The CLARITY Act is about more than crypto regulation. It’s about whether the U.S. replaces years of ambiguity with clear rules for builders — and stays competitive in the next era of financial and internet infrastructure.

Here are nine key moments from Marc Andreessen and Chris Dixon’s conversation on what’s at stake. Or watch the full conversation here.

1. After a five-year regulatory onslaught, crypto is still standing

2. How compliance became a competitive disadvantage

3. What builders actually want from DC

4. Why blockchain transparency is good for national security

5. A “kill shot” for open source

6. How crypto rules became reliant on an ethics debate

7. The policy regime that gave us FTX

8. Marc Andreessen on…