⚖️ The Democrats' plan for DeFi could jeopardize the future of crypto in the USA.
A new wave of controversy has erupted in Washington over the Democrats' Senate proposal to include oversight of DeFi in the broader CLARITY Act. This move has effectively divided lawmakers and raised questions about the chances of comprehensive crypto regulation being passed in 2025.
🔍 What the Democrats propose:
● anyone who deploys, supports, or profits from a DeFi protocol will be recognized as a 'broker' under the law;
● KYC requirements even for non-custodial wallets;
● the creation of a 'blacklist' of protocols deemed too risky.
Lawyers describe this approach as an unprecedented overreach of government authority, while industry representatives warn: it could effectively paralyze DeFi in the USA and force developers to flee abroad.
🧩 Republicans, for their part, consider the Democrats' proposal unrealistic and are blocking further negotiations. As a result — a Senate deadlock and a freeze on work on the bill.
#defi #usa #Clarity #CryptoNews #etf $UNI $LTC $DYDX
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