Jito Labs COO Rebecca Rettig on the thing everyone gets wrong about the CLARITY Act: passing it isn't the finish line:
"I circulated the updated 600-page combined draft and got a ton of questions, what do we do about this, about that? Some of it you plan for. A lot of it is wait and see."
"The interesting part is the unprecedented number of rulemakings. CLARITY lays out the framework, but it hands the SEC and CFTC the authority to write the actual compliance rules. Even the big token-disclosure section, you wait for the SEC to do rulemaking."
"I've been through 6 or 7 rounds of market structure. You can't really plan until the bill actually passes. So we're on calls about it daily, but we're not changing our strategy yet."