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71 Greed

SEC Crypto Task Force on CLARITY Act and Innovation Exemption

Original title: CLARITY Stalled. Inside the SEC's Plan for Onchain Markets

CoinDesk 23:28 3,781 views on YouTube
Thumbnail for CLARITY Stalled. Inside the SEC's Plan for Onchain Markets 23:28

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Summary

The CLARITY Act has stalled in the Senate, according to hosts Rebecca Rettig and Renato Mariotti on CoinDesk's The Policy Protocol. They bring in Taylor Lindman, chief counsel of the SEC Crypto Task Force, to explain the newly unveiled innovation exemption. Lindman says the exemption is being well‑received by both traditional finance and crypto participants. He also notes that the SEC can move forward under its existing authority without needing new congressional action. The discussion turns to 24/7 markets, with Lindman reassuring that the Task Force’s work continues despite the departure of Commissioner Hester Peirce. The episode also covers the EU’s rollback of MiCA as the UK pushes ahead, and a roundtable involving the SEC and CFTC. Further topics include liquidity providers, dealers, the cold‑start problem for on‑chain trading, and the future of on‑chain markets. In a debrief, the hosts name Demis Hassabis as Person of the Week for proposing a FINRA‑style standards body for frontier AI models, and they ask whether AI needs its own regulator.

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Key points

  1. The CLARITY Act stalled in the Senate
  2. Taylor Lindman explained the innovation exemption and its positive reception across TradFi and crypto
  3. The SEC can act under existing authority without new congressional legislation
  4. Task Force work on 24/7 markets continues despite Commissioner Hester Peirce's exit
  5. The EU is rolling back MiCA while the UK pushes ahead on related regulation
  6. Demis Hassabis was highlighted for proposing a FINRA‑style standards body for frontier AI models

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