Paradigm’s Slaughter says CLARITY Act is dead, warns DeFi of SEC shift
AI summary
Paradigm's Justin Slaughter said the CLARITY Act is dead and described a crypto bill House Financial Services staff are reportedly drafting. He said the draft could impose stricter DeFi rules and shift more of the industry's oversight from the CFTC to the SEC, warning DeFi participants to watch closely. Traders should note the regulatory risk: a heavier SEC role and tighter DeFi rules would weigh on DeFi tokens and US market access.
