a16z Crypto: The on-chain scale of traditional assets excluding stablecoins has exceeded $35 billion.

a16z Crypto stated in a post that over $35 billion in traditional assets have been placed on-chain, and excluding stablecoins, this volume remains nearly triple what it was a year prior to the passage of the GENIUS Act. a16z Crypto noted that the CLARITY Act will provide a regulatory framework for the on-chain infrastructure underlying these assets, with next year's developments hinging on related progress next week.