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Crypto

Clarity Act Updates Favor CFTC Registration for Non-Decentralized DeFi Protocols

Guavy AI Editorial Team
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Senate Republicans have updated the Clarity Act text to require non-decentralized DeFi protocols to register with the CFTC.

The updated text limits the provisions of the bill to spot transactions, addressing concerns over blockchain prediction markets and tribal issues related to the Senate crypto bill.

The changes also clarify credit unions' authority to deal in cryptocurrency without affecting ethics or stablecoin yield sections.

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