We consider the next phase of US crypto regulation after the CLARITY Act failed to advance in the Senate. Norma Krayem of Van Scoyoc Associates, Peter Freeman of FS Vector, and Lee Schneider of Ava Labs follow the practical choices now facing lawmakers and agencies, from rule-making timelines to narrower proposals on software developers and tax treatment. Tune in to hear why new rules could help move policy forward while also changing the terms of the next congressional negotiation.

Bridget McCormack, President and CEO of the American Arbitration Association, joins us to unpack what happens when smart contracts execute, assets move on-chain, and people still end up in conflict. She explains why AAA created a dedicated Web3 arbitration panel, how blockchain records can change the evidence in a dispute, and why decentralization forces legal decision-makers to get much more precise about who did what. We also get into AI-assisted arbitration, cross-border commerce, and why she believes dispute resolution may need to become part of the infrastructure of digital transactions themselves.

Learn more about what the AAA is doing at https://www.adr.org

This episode offers a 2026 midyear global check-in on crypto policy and focuses on where the conversation is gaining real momentum. It covers tokenization, the US legislative moment around the Clarity Act and stablecoin rule-making, the MiCA review process in Europe, and the continued importance of keeping infrastructure providers out of intermediary categories that do not fit what they do. Taken together, these issues offer a useful snapshot of how the policy landscape is shifting across major jurisdictions. Stay updated and get even more details in our policy comment letters.