[Summer Mersinger: The Clarity Act Aims to Promote Competition and Compliance] According to CoinDesk, Blockchain Association CEO Summer Mersinger published an article refuting The Wall Street Journal's misinterpretation of the Clarity Act. Summer Mersinger pointed out that the Act prohibits stablecoin rewards equivalent to bank deposit interest but allows reward mechanisms based on user activity. The Act requires the SEC to establish rules for nominally decentralized protocols, includes digital commodity brokers under the reporting obligations of the Bank Secrecy Act, and allocates $3 billion to support state-level law enforcement. Section 10505 of the Act explicitly states that securities settled on the blockchain remain under SEC jurisdiction.