JUST IN: Clarity Act draft includes rewards for white hat hackers The proposal had input from J. Christopher Giancarlo, former CFTC Chair.

What happened

A draft of the Clarity Act proposes offering rewards to white‑hat hackers, and former CFTC Chair J. Christopher Giancarlo provided input to the proposal.

Confirmed

Global impact / market context

Rewarding ethical hackers could boost security research, help protect crypto platforms from attacks, and build confidence among users and investors in the digital‑asset ecosystem.

Analyst inference

Regulators are increasingly focusing on cryptocurrency oversight, and this draft reflects a move toward proactive measures that address cyber‑risk alongside traditional compliance rules.

Analyst inference

What to watch

1. Final language of the Clarity Act to see if reward mechanisms are retained, altered, or removed before any law is enacted. Proposed
2. Details on how rewards will be funded and distributed, which will affect budgeting for security programs in crypto firms. Proposed
3. Responses from the white‑hat community and crypto companies, indicating whether the incentives are seen as sufficient to encourage participation. Analyst inference

Evidence

• x.com