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16 September 2025

Stablecoins Part 2: The Clarity Act Explained (Podcast)

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Kelley Drye & Warren LLP

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Kelley Drye & Warren LLP is an AmLaw 200, Chambers ranked, full-service law firm of more than 350 attorneys and other professionals. For more than 180 years, Kelley Drye has provided legal counsel carefully connected to our client’s business strategies and has measured success by the real value we create.
In this episode of The Legal Download, Matthew C. Luzadder is joined by Adrian Wall, CEO of the Digital Sovereignty Alliance, along with Kelley Drye Partner Jeffrey J. Hunter, for the second part of our stablecoin series.
United States Technology

In this episode of The Legal Download, Matthew C. Luzadder is joined by Adrian Wall, CEO of the Digital Sovereignty Alliance, along with Kelley Drye Partner Jeffrey J. Hunter, for the second part of our stablecoin series.

Following their discussion of the GENIUS Act, this conversation turns to the Clarity Act — the broader market structure legislation shaping digital assets. Topics include:

  • How the Clarity Act builds on the GENIUS Act
  • Resolving SEC vs. CFTC jurisdiction
  • What counts as a security versus a commodity
  • Defining "decentralized systems" under the law
  • Implications for innovation, consumer protection, and market certainty
  • Bipartisan momentum in Congress and what comes next

Together, the GENIUS Act and Clarity Act form the foundation of a new U.S. framework for digital assets.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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