Renato Mariotti
@renato_mariotti
Partner, @PaulHastings. Former federal prosecutor. CFTC regulation & enforcement, digital assets, prediction markets. Co-host, The Policy Protocol @CoinDesk.
1.2K Following 204.6K Followers
On this week's @CoinDesk Policy Protocol with @RebeccaRettig1, we also spoke with @CodyCarboneDC about Clarity’s outlook and what the industry’s backup plans will be if it fails. Full episode:
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Anyone telling you the Clarity Act will die on Tuesday because of the calendar is wrong.
It’s not the calendar. It’s not stablecoin yield. It’s not DeFi.
There are three issues standing between the Clarity Act and 60 votes in the Senate:
Ethics. Ethics. Ethics.
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Criminal exposure doesn't disappear in an agentic trading world. It just gets much harder to prove.
And that's the problem—prison changes behavior. A fine a company can budget for is just the cost of doing business.
I call it accountability arbitrage. @RebeccaRettig1 and I dig in on The Policy Protocol. Check out the clip below and find full episodes on @CoinDesk ‘s YouTube channel or website.
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If the Clarity Act passes, you can expect smart lawyers to spend a lot of time grappling with and litigating the “functional equivalence” language in the yield compromise.
Lawyers were a big winner in that compromise, as I told @RebeccaRettig1. Check out our “The Policy Protocol” podcast weekly on @CoinDesk.
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