Lummis just dropped the hammer on crypto infrastructure.
"Exchanges, DeFi platforms, and crypto ATMs won't hide from the law anymore."
This is the Clarity Act in action. No more gray zones. No more "we're not sure if this applies to us" excuses.
Crypto ATMs specifically called out - those sketchy machines charging 15% fees in gas stations? Yeah, they're getting regulated now. Exchange rate transparency is about to become mandatory.
DeFi platforms thinking they're untouchable because "code is law"? Not anymore.
This isn't anti-crypto. It's pro-clarity. You can't build a real industry on regulatory ambiguity forever.
The wild west era is officially over. Either you comply or you exit. Simple as that.
"Exchanges, DeFi platforms, and crypto ATMs won't hide from the law anymore."
This is the Clarity Act in action. No more gray zones. No more "we're not sure if this applies to us" excuses.
Crypto ATMs specifically called out - those sketchy machines charging 15% fees in gas stations? Yeah, they're getting regulated now. Exchange rate transparency is about to become mandatory.
DeFi platforms thinking they're untouchable because "code is law"? Not anymore.
This isn't anti-crypto. It's pro-clarity. You can't build a real industry on regulatory ambiguity forever.
The wild west era is officially over. Either you comply or you exit. Simple as that.