According to a report by Eleanor Terrett (@EleanorTerrett), ahead of the Senate Banking Committee's deliberation on the Clarity Act tomorrow, committee members submitted over 100 amendments last night. The DeFi advocacy group @fund_defi has characterized some of these amendments as "anti-DeFi amendments," arguing that they will harm the rights of DeFi technology, users, and developers, and is urging supporters to urgently lobby senators to oppose them. The amendments were reportedly jointly proposed by Democratic Senators Cortez Masto, Andy Kim, Chris Van Hollen, Warren, and Jack Reed, targeting core DeFi protection provisions in the bill, including the Blockchain Regulatory Certainty Act (BRCA), protection for non-controlling software developers, DeFi front-end protection, tokenization provisions, and the proposed expansion of BSA/AML compliance obligations for developers and digital asset companies.
On the eve of the U.S. Clarity Act deliberations, Democratic lawmakers introduced over a hundred "anti-DeFi amendments."
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