🚨 CLARITY ACT CONTINUES TO BE REVISED — IS DEFI NO LONGER “FULLY OFF LIMITS”? 🇺🇸
🇺🇸 Republican senators in the U.S. Senate have just released an update to the CLARITY Act following negotiations during the August recess, ahead of an expected procedural vote on 15/9.
⚠️ The most notable point: DeFi protocols that do not meet sufficient decentralization will be required to register with the CFTC. This regulation is similar to the related section in the Senate Banking Committee bill.
📌 The update also limits the scope of key DeFi provisions to spot/cash transactions of digital commodities, which is said to be intended to address concerns related to blockchain-based prediction markets.
🏦 In addition, the bill continues to clarify credit unions’ rights in crypto-related activities. Sections on ethics, BRCA, and stablecoin yields are believed to remain unchanged in this update.
🧠 Key takeaway: This is a signal that the U.S. is trying to draw a clearer line between truly decentralized DeFi and protocols that still have a degree of centralized control. If the CLARITY Act moves forward, the new regulatory framework could significantly affect how DeFi projects operate in the U.S.
🔥 However, it cannot yet be considered a law that has been passed. The Senate still needs to reach enough votes—60—to proceed, while the bill still has many contentious points between the two parties.
👉 The CLARITY Act is getting closer to a clearer regulatory framework for crypto — but DeFi will be one of the biggest battlegrounds.
👇 HOT COINS TRADING HERE 👇
$VTHO
$RAY
$SAGA
🇺🇸 Republican senators in the U.S. Senate have just released an update to the CLARITY Act following negotiations during the August recess, ahead of an expected procedural vote on 15/9.
⚠️ The most notable point: DeFi protocols that do not meet sufficient decentralization will be required to register with the CFTC. This regulation is similar to the related section in the Senate Banking Committee bill.
📌 The update also limits the scope of key DeFi provisions to spot/cash transactions of digital commodities, which is said to be intended to address concerns related to blockchain-based prediction markets.
🏦 In addition, the bill continues to clarify credit unions’ rights in crypto-related activities. Sections on ethics, BRCA, and stablecoin yields are believed to remain unchanged in this update.
🧠 Key takeaway: This is a signal that the U.S. is trying to draw a clearer line between truly decentralized DeFi and protocols that still have a degree of centralized control. If the CLARITY Act moves forward, the new regulatory framework could significantly affect how DeFi projects operate in the U.S.
🔥 However, it cannot yet be considered a law that has been passed. The Senate still needs to reach enough votes—60—to proceed, while the bill still has many contentious points between the two parties.
👉 The CLARITY Act is getting closer to a clearer regulatory framework for crypto — but DeFi will be one of the biggest battlegrounds.
👇 HOT COINS TRADING HERE 👇
$VTHO
$RAY
$SAGA