Legal Advisor: The core significance of the CLARITY Act is to grant independent legal status to decentralized networks According to Golden Finance, on May 15th, Miles Jennings, the general legal advisor of a16z, wrote an article expressing his views on the CLARITY Act, stating that the core significance of the Act is not simply regulatory compliance, but rather providing an independent legal framework for decentralized blockchain networks that is different from company law for the first time. The article points out that the current legal system takes companies as the default organizational form, requiring the existence of a controlling party. Applying it to blockchain networks leads to centralized power and value grabbing by intermediaries, which violates the distributed design of the network itself. Jennings believes that blockchain networks can distribute value to edge participants rather than concentrating it at the center, and the CLARITY Act provides legal feasibility for this path.