ME News reports that on July 26 (UTC+8), Aave founder Stani posted on X, stating that it is now more critical than ever for all industry stakeholders to reach consensus and make every effort to ensure the smooth passage of the U.S. CLARITY Act. Although the bill is not yet perfect and many details still require clarification from regulators, it will be the first regulatory legislation to address DeFi, providing a clear legal framework and regulatory certainty for institutions, fintech companies, and banks seeking to participate in on-chain finance. Once formally enacted, its potential to advance the on-chain finance ecosystem could mirror the transformative impact the GENIUS Act had on the stablecoin industry, attracting increased investment and institutional capital into the on-chain space. Over the past year, and especially in recent weeks and days, the Aave team has maintained close communication with U.S. policymakers in Washington, D.C., and is now in the final stretch—“the last mile”—of pushing for the bill’s enactment, a crucial phase. (Source: ChainCatcher)
Aave Founder: CLARITY Bill Enters 'Last Mile,' Likely to Benefit DeFi
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Summary
Aave founder Stani Kulechov said the U.S. CLARITY Bill is in the "last mile" of passage, which could bring much-needed CFT compliance standards to DeFi. He called for industry unity to help it become law, noting it would enable risk-on assets to gain broader institutional support. The framework could mirror the GENIUS Act’s impact on stablecoins by making DeFi more attractive to investors.
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