CLARITY Act is about to face a critical vote in the Senate As the U.S. Senate prepares for a key procedural vote on this crypto market structure bill, a16z broke down the CLARITY Act into 10 parts: from tokens, DeFi, and DAOs, to SEC/CFTC roles, stablecoin yields, open-source developers, and self-custody protections. This bill passed the House last year and has undergone several revisions in the Senate this year. Now, it’s at a critical juncture to determine whether it can move forward. We’ve translated a16z’s chart into Chinese so you can get a clear look at the boundaries being drawn in this round of U.S. crypto regulation