I noticed an interesting position from a crypto lawyer regarding the upcoming American bill. The essence is that the Clarity Act could fall into the same traps that Europe already encountered with MiCA.

The thing is. When Europeans developed their approach to regulating crypto assets, they clearly didn't fully understand DeFi. The result? The rules became too strict and didn't account for the specifics of decentralized finance. This led to innovation starting to suffocate there.

Now the US is preparing the Clarity Act, and crypto law experts are already raising alarms. If American lawmakers simply copy the European experience without thorough analysis, the same thing could happen in the DeFi sector. Projects will either move to other jurisdictions or simply shut down.

The problem is that regulators often don't understand how decentralized finance actually works. They try to apply traditional approaches to a completely different model. And that's when problems with innovation and industry development begin.

Crypto lawyers are literally begging American politicians to approach this issue more carefully. They need to learn from MiCA's mistakes, not repeat them. Otherwise, the US risks falling behind in the development of the DeFi ecosystem, while other countries will be more flexible in their approach.