The Digital Asset Market Clarity Act hopes to live up to its name and bring regulatory clarity to the US crypto industry, but a crypto legal expert warns it risks doing the opposite.

Yuriy Brisov, partner at Digital & Analogue Partners, says that Clarity may repeat the same structural mistake that the European Union made with its Markets in Crypto Assets Regulation (MiCA) by attempting to codify a fast-moving technology into static statutory categories.

For instance, Clarity excludes certain decentralized finance (DeFi) activities from being subject to the Act which appears fair on paper. However, Brisov argues that freezing DeFis regulatory perimeter in legislation is itself the problem.

Magazine spoke to Brisov about why he believes…