Crypto for Advisors: Is the Clarity Act dead?

The ultimate goal should be durable principles in legislation, adaptable rules from regulators and, importantly, a formal review after the market has operated under said framework for a reasonable period. The biggest mistake would be expecting the first version to be perfect and then refusing to adjust as the market develops. Currently, the factual framing is consistent with the latest Senate language, which includes initial and semiannual disclosures, insider resale limits, intermediary registrations, customer asset protections and divided SEX and CFTC responsibilities.

- Trevor Overko, co-founder, Sapien