Why DeFi is going to love the big change in the crypto Clarity Act – DL News
The Guidance
- The Clarity Act may include protections for non-custodial developers.
- DeFi builders may be excluded from money transmitter regulations.
- CFTC oversight would not apply to most passive DeFi infrastructure roles.
A version of this story appeared in our The Guidance newsletter on June 9. Sign up here.
Being a builder or developer in crypto’s decentralised finance corner could be likened to walking a legal tightrope in the fog.
But a new bill in Congress is looking to add a bit more “clarity.”
A freshly revised version of the 247-page CLARITY Act includes new language that could offer long-sought legal protection for crypto developers, wallet makers, and infrastructure providers.
The bill is sponsored by House Republicans,…
