Unchained

The Chopping Block: Crypto Clarity Act Drama + Stablecoin Yield Wars + Developer Liability Fights

46 snips
Jan 22, 2026
Guest
Peter Van Valkenburgh
Peter Van Valkenburgh, a leading crypto policy expert and Executive Director at Coin Center, joins the crew to dissect the chaotic drama surrounding the Crypto Clarity Act. They explore Coinbase's abrupt withdrawal of support, casting doubts on the bill’s future. Peter dives into developer liability issues, the controversial definition of 'common control,' and the implications for tokenized securities. The conversation heats up over the banks' fierce opposition to stablecoin yields and political stakes in the ongoing regulatory battles.
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INSIGHT

Clarity Act Curbs Agency Overreach

  • The Clarity Act meaningfully limits SEC and Treasury discretion over developers and infrastructure providers.
  • Peter Van Valkenburgh sees it as a major protection for ordinary developers against aggressive enforcement.
INSIGHT

Three-Step Filter Before Regulation

  • 'Common control' and a non-decentralized protocol test create a multi-step pipeline before existing laws apply.
  • The bill funnels uncertain determinations into existing securities and BSA frameworks rather than inventing new categories.
ADVICE

Preserve The Developer Safe Harbor

  • Rely on the Blockchain Regulatory Certainty Act clause to protect developers from registration requirements.
  • Advocate to preserve that black‑letter safe harbor during negotiations.
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