🇸🇬 TOKEN2049: The CLARITY Act stalled in the Senate this year, so who writes the rules for crypto now? Four voices from the regulation panel: Brian Quintenz, former CFTC commissioner and Director at SUI Group Holdings, says the SEC and CFTC can deliver as much clarity as the law would have. Jake Chervinsky, CEO of Hyperliquid Policy Center, says Hyperliquid is infrastructure that anyone can build compliant markets on. Deepa, Vice Chair and Managing Director at VARA, says regulated derivatives drove a 7x jump in Dubai trading activity. Arjun Sethi, Co-CEO of Payward / Kraken, says Europe's top clients are moving to Dubai, Singapore and Hong Kong.