CRCL, COIN, AAVE news: Crypto's CLARITY Act could be a headwind for DeFi tokens, benefit Circle

CRCL, COIN, AAVE news: Crypto's CLARITY Act could be a headwind for DeFi tokens, benefit Circle

The proposed restriction on yield would shift value toward regulated players and away from decentralized finance' tokens, 10x Research's Markus Thielen said.

Clarity Act DeFi Devs Get Ironclad SEC Shield!

Cynthia Lummis has highlighted that the CLARITY Act is designed to provide stronger protections for developers operating in the crypto space. A key objective of the bill is to reduce ongoing legal uncertainty that has affected innovation, particularly in decentralized finance. JUST IN: Lummis confirms CLARITY Act will deliver the strongest developer protections in the industry https://t.co/8sGcMUtgkI pic.twitter.com/XtDLYW7hi1— crypto.news (@cry…

Crypto's CLARITY Act could be a headwind for DeFi tokens, benefit Circle

The post Crypto’s CLARITY Act could be a headwind for DeFi tokens, benefit Circle appeared on BitcoinEthereumNews.com. The latest version of the crypto bill Clarity Act is in the spotlight mostly because of its stablecoin rules. In practice, it may land hardest on decentralized finance (DeFi) and tokens tied to it, according to a report by 10x Research. At the center of the proposal is a ban on offering yield — or anything resembling it like rew…

CLARITY Act in Current Form Threatens Crypto Development and DeFi Innovation

As the CLARITY and BRCA acts continue to stall in the US Congress, the future of the crypto economy is grim if they pass in their current form, according to Peter Van Valkenburgh, the CEO of Coin Center. In a lengthy X post, the head of the popular crypto non-profit stated that the absence of […]