Regulation· ★★★★· neutral·

New version of CLARITY Act expands rules for DeFi protocols

  • —The DeFi section of the CLARITY Act grew from 285 to 2,200 words
  • —The term "non-decentralized DeFi protocol" with three criteria was introduced
  • —Protocols controlled by a single group would be required to comply with AML rules
  • —A Senate procedural vote is scheduled for September 15
Why it matters: Clarifying DeFi rules reduces uncertainty for protocols, but may require "semi-decentralized" projects to comply with AML.
Source: CriptoFácil
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