According to CoinMeta, executives from a16z and Crypto stated that the CLARITY bill could help reduce the risks associated with FTX. The bill proposes to regulate crypto exchanges through SEC and CFTC, requiring disclosure, auditing, and anti-fraud measures. The collapse of FTX is seen as an important example that highlights the need for enhanced compliance and risk control. Supporters argue that long-term legislation provides more certainty than relying solely on institutional guidance. It was mentioned in the discussions that if crypto exchanges had been operating under regulatory standards similar to those of traditional financial institutions, similar failures could have been greatly reduced. The aim of this bill is to create long-term regulatory certainty for exchanges, institutions, and consumers.