The CLARITY Act is a slick move, superficially arguing over jurisdiction, but actually giving institutions a backdoor into DeFi, while also blocking retail investors' passive income streams. The lobbying fees for banks weren't wasted.

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WuSaidBlockchainW
The CLARITY Act is gradually coming into effect, with 7 DeFi protocols riding the wave of benefits
Author: Tindorr

Translation: Chopper, Foresight News

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Everyone in the market is watching the regulatory jurisdiction dispute between the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), debating which altcoins qualify as "digital commodities." This is just a surface-level interpretation, which has long been priced into the market.

The real profit logic of the CLARITY Act lies elsewhere: the bill quietly delineates the boundaries of legal DeFi activities for institutions; at the same time, with strong lobbying from banks, it directly blocks ordinary users from passively earning yields through idle stablecoins.
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