A16z crypto says Clarity's Senate setback is not the whole story on US crypto policy

Collin McCune of a16z crypto argues that Clarity's failure to pass the Senate is a setback but not the full picture of US crypto policy. He cites GENIUS becoming federal stablecoin law, Congress overturning the IRS DeFi broker rule, the SEC rescinding SAB 121, and FinCEN withdrawing the Unhosted Wallet Rule. The House passed FIT21 in 2024 and Clarity in 2025. McCune says proposed rules and guidance are not final, and the industry will keep pushing for durable legislation.

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