Viewpoint: The Clarity Act has not passed, and crypto executives see opportunities in DeFi

According to CoinDesk, executives in the cryptocurrency industry believe that the failure of the Clarity Act will create opportunities for decentralized finance, but established exchanges may continue to maintain a competitive advantage.

Related initiatives from the U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission may promote the expansion of regulated on-chain trading and increase institutional participation. Legal experts indicate that the regulatory framework is expected to progress gradually, but there are still gaps that need to be addressed by the U.S. Congress.