Katz Quoted in The Defiant on Digital Asset Market Clarity Act

Manatt Financial Services Partner was quoted in The Defiant about a new bill that would establish a regulatory framework for digital assets in the U.S.

The Digital Asset Market Clarity Act of 2025, also known as the CLARITY Act, is an extensive attempt at creating a regulatory market structure, but Katz said some have voiced concerns about its effectiveness and clarity.

“This is likely the strongest version of a market structure bill we’ve thus seen — clearer jurisdictional lines, a credible framework for Commodity Futures Trading Commission (CFTC) oversight, and meaningful movement toward useful digital asset classification,” Katz said. “It reflects how far the conversation has come. But it’s not finished work and several critical issues — like how to handle secondary markets, custody, and when SEC jurisdiction kicks in — are still punted for future rulemaking.”

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