a16z: How can we prevent another FTX-like risk? On August 1, 2026, a16z crypto head Chris Dixon (@cdixon) stated in an interview that the 'Clear Act' will transform the regulatory landscape for the U.S. crypto market. Dixon pointed out that the U.S. currently lacks a clear federal regulatory framework for crypto exchanges, but this act would grant the SEC and CFTC the authority to oversee the space, establishing systems for disclosures, anti-fraud measures, insider trading prevention, and audits for crypto intermediaries. Using the FTX collapse as an example, he noted that if exchanges were subject to audit and risk control requirements similar to those of traditional financial institutions, the likelihood of such incidents would decrease. Dixon believes that a clear regulatory framework will help compliant platforms operate more effectively. Source: a16z crypto