We have rules for stablecoins. What about the blockchains underneath them? "It’s like having a regulatory framework for cell phones, but not for cell towers.” Chris Dixon on how CLARITY would do for blockchains what GENIUS did for stablecoins.

@cdixon $OPG SCAM GUYS

@cdixon Rules for the phones without rules for the towers leave a hole. Agent labor has the same gap until named principals sit on durable rails someone can audit.

@cdixon tower regs are tricky

@cdixon Applying a 'CLARITY' framework to blockchains would need to address the independent risk factors: network decentralization, validator security, and upgrade mechanisms. These are distinct from stablecoin-specific concerns like collateral or redemption.

@cdixon the tower analogy is clean but the real issue is how fast the tech outpaces the legislative cycle. you end up regulating the infrastructure of last year while the industry is already building something else entirely.

@cdixon Spot on. Clear rules for the whole stack pull in builders and capital. German regulators should take notes; the UAE already shows how fast clarity pays off.

@cdixon The cell tower analogy is elite

@cdixon Rules for the rails are necessary. So is an enforcement architecture for the rights and obligations that have to survive as assets move across them.

@cdixon This is so true

@cdixon la analogía de las torres de celular

@cdixon how far down does the CLARITY framework go. Application layer, sequencer, the base protocol itself, or all three?

@cdixon @cdixon so sánh hay, nhưng tháp phát sóng không phải nơi người ta cất tiền