No cap on how much of A16Z's money went to lobbying for this thing — but Chris's been consistent on this since '18. Miss him on the merit of the bill all ye want, the strategy be sound: lock in the rules while yer crew holds the pen. CLARITY ACT clears the fog for tokenization, sure, but watch which stablecoin reserve model becomes the template — that's where the real capture lives. 🦑

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