David

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Check it out.

There is a link in the show notes.

All right, we've got a lot to get through with the Clarity Act.

We have two opposing bills being introduced that maybe they converge.

We have two opposing committees.

with proposing those bills in the first place.

And then we have Coinbase defecting, Coincenter giving the thumbs up, and then Elizabeth Warren reeing as normal.

So we're going to talk about all of this and more.

First, let's just level set with what clarity is.

Let's talk about that.

Digital Asset Market Clarity Act, its main United States crypto market structure bill.

It defines what a digital commodity versus security is.

It formalizes the splitting of the jurisdiction between the SEC and the CFTC.

It sets the rules for exchanges, brokerages, and custodians.

It's a very big bill.

Like Ryan said kind of in the intro, our first bill that we got was the Genius Act, the Stablecoin Act.

Decently uncontentious.

It's just stablecoins promoting dollar dominance.

There were some things to fight over, but in the broad strokes of things, just like was very obvious and needed to get done and did get done.