@perkinsights: @herminewong.xyz did an excellent and incredibly thorough breakdown of the CLARITY Act in light of recent crypto hacks and major industry failures. I wanted to build on her analysis by looking at each issue through two questions: Can regulation help PREVENT the harm? And if the harm occurs, what REMEDY is available to the people affected? We also walk through where regulation should live. Some fundamental protections and regulatory authority should be established at the statutory level. But federal statutes are difficult to change, and digital-asset technology will continue to evolve. Congress should provide clear authority and durable protections in the statute while leaving appropriate flexibility to regulators through rules that can evolve with the technology. Finally, I’m opening up the discussion: What remedies does the CLARITY Act actually provide, and where are the potential loopholes we should be talking about before this becomes law? #CLARITYAct #DigitalAssets #Crypto #tokenization
Yes, you are right. I see your distinction between middleman and the developers of the technology. I think using your pharmaceutical analogy, we did end up with FDA and I wonder if at the regulatory level we will arrive at a more specialized group of regulators. Almost a hybrid between some of the smaller countries who have specific digital asset commissions that exclusively regulate the digital asset market. I spend time in El Salvador (regulators of Tether) and it is interesting to watch their regulatory environment develop. Thanks for the great dialogue!
2026-09-04 19:22:44
0
the vault :
More control for the government over your money, different rails, more control
2026-09-04 17:56:16
0
Justin Garrett Hill :
good discussion
2026-09-04 16:43:58
0
herminewong.xyz :
Grateful for this insightful discussion! Let’s definitely continue this. A couple of thoughts to seed the ongoing discussion: (1) when we started legislating medicine, did Congress start with the distributors (like Walmart and CVS) or did Congress start with requiring minimum safety, security, reliability, testing standards of the manufacturers before the drugs were even made available to the public (for the distributors to sell)? (2) if Congress doesn’t require these minimum technical standards for safety and security at the statutory authority level, the SEC and CFTC can’t do that on their own. They are fundamentally agencies that regulate middlemen, not tech. They can’t promulgate rules for which they have no authorization (and as agencies made up almost entirely of lawyers and accountants, they also have no expertise).
2026-09-04 17:07:04
0
adaigho Karo :
If the pattern holds, this is the floor before something big. SPX59X feels wound tight
2026-09-04 18:37:27
0
sumaiyah1228 :
Amazon will integrate SPX59X to their chains. Is this uptrend?