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Unchained

DEX in the City: Will the CLARITY Act Pass? Three Crypto Lawyers Give Their Odds

Unchained

Laura Shin

News, Tech News, Business News

4.61.3K Ratings

🗓️ 14 May 2026

⏱️ 49 minutes

🧾️ Download transcript

Summary

As a new CLARITY Act draft dropped, KK, Vy, and guest Josh Riezman of GSR give their passage odds and explain the one developer protection provision that matters most. Thanks to our sponsor! Coinbase One Get 20% off the first year of your Coinbase One annual plan ⁠coinbase.com/unchained⁠ A new draft of the CLARITY Act just landed — all 300-plus pages of it — and Katherine Kirkpatrick Bos, TuongVy Le, and guest Josh Riezman of GSR didn't wait to dig in.  On this episode they break down the specific developer protection provision in the Blockchain Regulatory Certainty Act that introduces a specific intent standard for charging developers, debate passage odds, and explain why Circle releasing a token as a public company signals a real shift in how the SEC thinks about the security/token distinction.  They also unpack Chair Atkins' remarks at the SEC's AI+ Expo — a speech Vy argues shows the SEC and Congress are now in lockstep on modernizing securities regulation for on-chain infrastructure — and why, for the first time, that infrastructure includes vaults. Hosts: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Katherine Kirkpatrick Bos⁠⁠⁠⁠⁠, General Counsel at StarkWare. Previously held senior legal roles across DeFi and centralized exchanges. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠TuongVy Le⁠⁠⁠⁠⁠⁠, General Counsel at Veda Guest: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Josh Riezman — Chief Legal and Strategy Officer, GSR Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hi, all, and welcome to Dex in the City where the wallets are cold and the takes are hot.

0:05.2

Before we get going, remember, we're lawyers, but we're not your lawyers, so nothing you hear on Dex in the City is legal or financial advice and it doesn't create an attorney-client relationship.

0:13.4

For the fine print, as always check unchained crypto.com.

0:17.2

So first we have V from the SEC to Web 3, and I'm your host, Catherine KK, Fluent and TradFi and Conversant in Deep Tech over at Starkware.

0:26.9

Jesse is out today, so we are absolutely thrilled to have a fantastic guest for you today.

0:33.2

And we are welcoming Josh Reisman, chief legal and strategy officer at GSR.

0:38.6

I have known Josh for years and he is really honestly sharp as attack.

0:44.1

He spent years in Tradfai, Deutsche Bank and Sakhjan and then worked on product and regulatory

0:49.5

legal at Circle before he moved to GSR.

0:52.9

He's also a board member of a digital asset treasury company,

0:55.7

so that's a conversation for another day. We're going to mine your brain on that. Josh,

1:00.5

thank you so much for joining us. Thank you both for having these. Great to be here with you.

1:05.4

This is super exciting. We're going to keep it spicy, but we're going to be kind to you, I promise.

1:12.2

Expect nothing less. Yeah, yeah we're going to be kind to you, I promise. So expect nothing less.

1:13.2

Yeah, yeah.

1:14.8

Tons to talk about. And of course, our plans for the pod went out the window this morning when we all woke

1:20.6

up to see a new draft of clarity drop.

1:24.9

Oh, my goodness.

1:25.8

It's what every crypto legal person, what every crypto strategy person loves

1:31.0

to see. It's like, I had stuff to do today. Now I'm going to have to squeeze in reading and

1:36.7

analyzing a new draft, which is over 300 pages on my agenda, which is, but it's fantastic.

1:43.4

So just as a refresher, before I turn it to Josh to give

...

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