• The updated CLARITY Act closes the “DINO” loophole, targeting crypto platforms claiming to be decentralized but still holding operational control.

• A little-known provision protects self-custodied crypto from being considered abandoned property just because a wallet goes unused.

• The legislation could help firms like Coinbase and Circle by providing more clarity from the federal government on digital assets and stablecoins.

The revised Digital Asset Market Clarity Act (CLARITY Act) does more than establish market structure rules for crypto; it goes after platforms that claim to be decentralized, and for the first time, provides federal legal protections for self-custodied digital assets sitting in…