CLARITY stalled. Inside the SEC's plan for onchain markets

CoinDesk's The Policy Protocol hosts Rebecca Rettig and Renato Mariotti unpack the stalling of the CLARITY Act in the Senate before sitting down with Taylor Lindman, Chief Counsel of the SEC's Crypto Task Force, who explains why the newly unveiled innovation exemption is being resoundingly well-received across TradFi and crypto, and how much the SEC can accomplish under existing authority without Congress.

Lindman also weighs in on 24/7 markets and reassures that the Crypto Task Force's work continues regardless of Commissioner Hester Peirce's departure. Plus, Rebecca and Renato debrief on whether AI needs its own regulator, and name Demis Hassabis as their Person of the Week for proposing a FINRA-style standards body for frontier AI models.

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Chapters/Timecodes:

00:00 Welcome to The Policy Protocol

01:09 Hot Topic: CLARITY Stalls in the Senate

02:06 The Ethics Fight That Sank the Bill

03:28 Why the Regulators Are Now Leading

03:47 How Hard It Is to Undo a Rule

05:13 EU Rolls Back MiCA as the UK Pushes Ahead

05:52 The SEC and CFTC Roundtable Blitz

06:46 Taylor Linman, SEC Crypto Task Force, Joins

06:56 The Innovation Exemption and Its Reception

08:52 What the SEC Can Do Without Congress

11:11 Inside the 24/7 Trading Roundtable

12:00 Liquidity Providers, Dealers, and the Cold Start Problem

13:31 Piecing Together the Future of On-Chain Trading

16:17 Does Peirce's Exit Change the Task Force?

17:04 Debrief: Plumbing, Not Main Character Energy

18:28 Person of the Week: Demis Hassabis

20:05 Does AI Need Its Own Regulator?