Unchained
Unchained
Laura Shin
Why the Consensus After-Party Set Crypto Back: DEX in the City
57 minutes Posted May 19, 2026 at 6:34 pm.
KK walks through the six sections of the CLARITY Act
Odds on passage: KK at 35%, Vy Le below 90% — and the three blockers
Jessi on how frontier AI finds DeFi exploits — and programmatic prevention without centralization
: Coinbase: Get 20% off the first year of your Coinbase One annual plan https://coinbase.com/unchained
Vy on how the WallStreetBets SEC letter shows the benefits of onchain markets
the SEC's tokenized-equities innovation exemption could drop soon
The Consensus after-party: what happened and why the silence is the story
The good news: companies and people who are actually showing up
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Show notes
KK, Jessi, and Vy Le call out the silence from CoinDesk and industry organizations after the Consensus after-party was held at  E11even. Plus: Clarity’s odds.
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The CLARITY Act cleared the Senate Banking Committee 15-9, but Katherine, Jessi, and Vy Le are not popping champagne. 
KK puts passage odds at 35-40%. Vy Le came down from 90% after only two conditional Democratic votes out of committee. The ethics fight — whether any bill that leaves Trump family crypto holdings intact can get to 60 votes — remains the most credible blocker. 
Meanwhile, WallStreetBets filed an SEC comment letter defending quarterly reporting that inadvertently makes the strongest case yet for why onchain transparency makes periodic disclosure obsolete. And the crew addresses the Consensus conference after-party, held at E11even, which features strippers: not a word from most of the trade organizations that claim to represent the industry.
Hosts:
⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Katherine Kirkpatrick Bos⁠⁠⁠⁠, General Counsel at StarkWare. Previously held senior legal roles across DeFi and centralized exchanges.
⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Jessi Brooks⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, General Counsel at Ribbit Capital
⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠TuongVy Le⁠⁠⁠⁠⁠, General Counsel at Veda
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