Analyst: CLARITY Act Failure Won't Stop DeFi Regulation
- —CLARITY Act failed a Senate cloture vote last week
- —SEC's Regulation Crypto Assets caps raises at $5M over four years and $75M a year
- —Innovation Exemption allows tokenized equities with listing caps and KYC, expiring in five years
- —AML and sanctions screening rules for DeFi will come from Treasury, not Congress
Why it matters: DeFi protocols should prepare for narrow, conditional compliance rules from the SEC and Treasury rather than waiting for a single comprehensive law.
Source: Finance Magnates Crypto