therage on Nostr: 🇺🇸 Numerous accounts are amplifying talks from the Digital Chamber's DC ...

🇺🇸 Numerous accounts are amplifying talks from the Digital Chamber's DC Blockchain Summit, in which Congresspeople promise to get the CLARITY Act across the line between end of the week and end of the year.

While largely sold as a positive to the industry, the latest market structure draft has proven to tow a dangerous line that could enable increased surveillance and the effective criminalization of privacy.

With stablecoin yield as the number one point of discussion, the cryptocurrency industry will likely have to make concessions in its protections of DeFi for CLARITY to have a chance of passing the Democrats, who continue to view illicit finance a red line.

Several stand-alone bills have since been introduced in Congress to protect developers, such as the Blockchain Regulatory Certainty Act and the Promoting Innovation in Blockchain Development Act, which offer safer pathways to safeguard development.