Why DeFi ‘purity test’ is centre stage in new crypto mega-bill – DL News
- The House bill would end regulators’ ‘food fight’ over crypto.
- Crypto projects that pass test to get less oversight.
- Industry opponents fear ‘endless opportunities for regulatory arbitrage.’
Crypto idealists have long envisioned finance without middlemen.
They have also desired a more democratic internet where applications are owned by users, rather than a small cadre of executives and investors.
In short: decentralisation.
The tenet is the north star for many crypto developers. Now, it’s at the heart of a 236-page bill that would create the US’ first regulatory regime for crypto.
The Digital Asset Market Clarity Act of 2025, introduced by lawmakers in the US House of Representatives last week, proposes lighter regulations for…
