Will the Clarity Act Pass in September? White House Event, SEC Regulation Crypto | Cody Carbone

**Cody Carbone** (0:00)
It shows that the FTC is not going to slow down.
That they are going to find ways to enact the goals of the legislation to make sure that we have a clear regulatory framework for digital assets. The CFTC is going to be doing the exact same thing.

**Tony Edward** (0:20)
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Link will be in the description. Hey folks, welcome into The Thinking Crypto Podcast. I'm your host, Tony Edward, and joining me today is Cody Carbone, who is the CEO at The Digital Chamber. Cody, great to see you.

**Cody Carbone** (2:53)
Great to see you as always, Tony. Thanks for having me.

**Tony Edward** (2:56)
Absolutely, Cody. I figured I got to get you on because last week was a major event. You had the White House Crypto Summit. You had some updates on the SEC with regards to regulation crypto, and all eyes are on the Clarity Act for September. What will happen? Well, let's start with the White House Crypto Summit. You were in attendance. What was the goal and what were the major takeaways for you?

**Cody Carbone** (3:20)
Yeah, it was surreal, Juan, to be invited to the West Wing with some of my counterparts and the leaders in the crypto space and not just the crypto space, but the traditional financial market space as well. You had the CEOs of Robinhood, NASDAQ, New York Stock Exchange. Then you had the Coinbase, Kraken, Chainlink, Ripple. It was amazing to be in that room. I think the message that the president wanted to communicate, and really for the whole of the administration because SEC Chair Paul Atkins was there, CFTC Chair Mike Selig was there, Patrick Witt from the White House was there was, hey, we understand that the legislative grind is just that. It's a grind, and we're going through it, and we are in the thick of August recess, and it's slow. But we want you to know that this administration remains committed to doing everything we can for the US to be the crypto capital of the world.
Yes, we still want legislation, and that message was clear. Hey, we're still doing everything we can to pass the Clarity Act. We feel comfortable about it. It's a bipartisan bill. We continue to push this forward with optimism, that if that bill is to stall, we as an administration are ready to go.