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DeFi Developers Worry Over Senate Bill's New Clause
Description
The Digital Asset Market Clarity Act in the Senate is causing concern in the DeFi community due to a last-minute amendment that could classify developers as securities intermediaries, subjecting them to stricter financial regulations. The bill, aimed at bringing order to the crypto world, has gained bipartisan support but faces challenges, including an ethics provision. The amendments interpretation could broadly impact developers who dont directly control user funds but are seen as influencing the protocol.
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