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A part of FTX survived, and it’s the case for the CLARITY Act
When FTX collapsed, the parts of it bound by law survived. As mainstream finance continues to converge with the digital asset market, the federal law designed to protect investors now faces its last real shot this year in the Senate in September.

The systemic-risk debate over perpetual futures is aimed at the wrong target
As perpetuals enter regulated markets, critics warn they import systemic risk. But the risk comes from venue design — leverage limits, margin rules, index construction, and default handling — not the contract itself, argues Chris Tyrer, President of Bullish Exchange.

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