TheBlock
The Clarity Act cleared a significant legislative hurdle this week, drawing praise from major crypto industry voices. Ji Kim, CEO of the Crypto Council for Innovation, called the vote a "decisive turning point" for the sector's long-running push to secure a workable regulatory framework in the United States.
The celebration comes with a notable asterisk. To win Democratic support, negotiators agreed to strip noncustodial developer protections from the DeFi-specific rulemaking section of the bill — a concession that has raised alarm among builders and open-source advocates who see it as a structural vulnerability for permissionless protocol development.
The tension sets up a consequential next vote: the broader industry wants the bill to advance, but DeFi stakeholders are watching closely to see whether the developer protection carve-out survives or becomes permanent. Ethics questions…
WatcherGuru
WuBlockchain