REPLAY – The Digital Chamber: Regulatory Update

Research evidence excerpt

REPLAY – The Digital Chamber: Regulatory Update

USA | Digital Assets EquityJulyResearch10, 2026

REPLAY – The Digital Chamber: Regulatory

Update

We hosted a client call with The Digital Chamber CEO Cody Carbone on the

evolving US digital assets regulatory landscape. Our discussion touched 1)

Clarity Act potential passage and implications, 2) Genius Act implementation,

.

3) prediction market litigation outcomes, 4) Rule 611 for tokenized equities, and

5) key policy debates to watch in 2H26.

Intro & Trade Association Mission

(0:00) Cody's legal background and journey to the digital assets industry after roles on Capitol•

Hill and at EY's Office of Public Policy

(3:00) The Digital Chamber is a trade association that represents ~250 blockchain-native and•

TradFi companies by advocating for public policy that fosters innovation, responsible growth

and mainstream adoption of blockchain tech

Clarity Act Potential Passage & Implications

(3:50) Regulatory clarity not the sole factor driving a proliferation of TradFi tokenization•

initiatives but provides a significant unlock for broader digital asset adoption. Current lack of

regulatory clarity doesn't prevent TradFi development of blockchain-based products/services

but creates uncertainty and delays commercialization.

(6:00) Clarity Act overview; aims to build upon Genius by providing a comprehensive regulatory•

framework with clear rules of the road for the digital asset industry; token taxonomy, regulatory

jurisdiction, compliance/disclosure obligations, permissible activities for FIs, capital formation

requirements

(10:00) Clarity Act implications across traditional sectors, including banks, exchanges, asset•

managers, fintechs and payments companies; banks likely launch new blockchain-based