US Lawmakers Delay Crypto Market Structure Bill Amid DeFi Pushback

[mendez]

US lawmakers have postponed a planned markup of the Digital Asset Market Clarity Act (CLARITY), slowing progress on legislation aimed at defining how cryptocurrencies and DeFi platforms are regulated. The delay follows growing criticism from crypto firms and DeFi advocates who argue the bill still leaves developers exposed to inappropriate regulatory obligations.

Industry groups and venture firms warned that proposed amendments could require DeFi developers or infrastructure providers to implement KYC checks, register with regulators, or comply with rules designed for centralized entities. Public opposition from Coinbase CEO Brian Armstrong contributed to the pause, with Senate Banking Committee Chair Tim Scott citing the need for further review.

[bonk]

nothing says decentralization like kyc and paperwork designed for banks