The CLARITY Act’s bipartisan 15–9 Senate Banking vote moves a bill that could finally split SEC–CFTC jurisdiction and give crypto its first bespoke market‑structure law, a16z argues.
Summary
- The U.S. Senate Banking Committee has voted on a bipartisan basis to advance the Digital Asset Market CLARITY Act, a bill that would draw bright lines between SEC and CFTC oversight and create a dedicated regime for digital assets.
- In a detailed analysis, a16z likens the bill’s significance to the 1933 Securities Act, arguing it would end a decade of “regulation by enforcement” that has driven crypto projects offshore and distorted the market.
- The Senate Banking and…
