Aave founder proposes 'Uber path' for DeFi after CLARITY Act fails
- —The Senate rejected cloture on the CLARITY Act 49-50; 60 votes were needed to pass
- —Kulechov urged DeFi to become "too important to ignore"
- —Aave App uses email/phone, passkeys and recovery via CoinCover
- —Aave Horizon gives institutions loans backed by tokenized assets
Why it matters: The CLARITY Act's failure increases pressure on DeFi protocols, while a mass-adoption strategy could change the political landscape.
Source: CryptoSlate