---
title: "Stablecoins Part 2: The Clarity Act Explained"
date: 2025-09-02T00:00:00-04:00
author: Mary Katherine (MK) Terrell
canonical_url: "https://www.kelleydrye.com/viewpoints/podcasts/kelley-drye-legal-download/stablecoins-part-2-the-clarity-act-explained"
section: Podcast Episodes
---
# Stablecoins Part 2: The Clarity Act Explained

  September 2, 2025

 

 

 

 

 

 

 [Kelley Drye Legal Download](https://soundcloud.com/kelleydryelegaldownload "Kelley Drye Legal Download") · [Stablecoins Part 2: The Clarity Act Explained](https://soundcloud.com/kelleydryelegaldownload/digital-asset-market-clarity-act-clarity-act "Stablecoins Part 2: The Clarity Act Explained")

 [Apple](https://podcasts.apple.com/us/podcast/stablecoins-part-2-the-clarity-act-explained/id1487885945?i=1000724544550) [SoundCloud](https://soundcloud.com/kelleydryelegaldownload/digital-asset-market-clarity-act-clarity-act?si=3b03c5aafa604f998d62a8404d856173&utm_source=clipboard&utm_medium=text&utm_campaign=social_sharing) [Spotify](https://open.spotify.com/episode/5EsidPF0MkvUuqKhI30jo3?si=cs47szR8QOaVwZ2cKuEdEw) 

 

In this episode of The Legal Download,[ Matthew C. Luzadder](https://www.kelleydrye.com/people/matthew-c-luzadder) is joined by Adrian Wall, CEO of the Digital Sovereignty Alliance, along with Kelley Drye Partner [Jeffrey J. Hunter](https://www.kelleydrye.com/people/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.

 

 

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