Amid the Clarity Act fanfare is some worry over how a last-minute deal may punch DeFi
CoinDesk
A last-minute amendment to the Clarity Act has sparked concern that regulators may unfairly label decentralized protocols as centrally controlled entities.Summary
The U.S. Senate's "Clarity Act" recently advanced with bipartisan support, but a last-minute legislative compromise has alarmed the DeFi sector. Lawmakers removed protections for non-controlling blockchain developers, potentially allowing regulators to classify them as "securities intermediaries." Critics fear that vague language regarding "arrangements" or "understandings" could empower agencies like the SEC to regulate genuinely decentralized projects as centrally controlled entities, despite developers lacking actual operational control over user assets.
(Source：CoinDesk)