Senator Van Hollen is currently proposing an amendment and cites how other countries are utilizing DeFi tools, services and mixers (Tornado, etc.) to move illicit funds
He says that he wants to make it "unlawful to release a DeFi protocol for the express purpose of enabling scammers to move funds and utilize these tools"
Senator Lummis pushes back saying "we have already included language to prevent these actions" however "we do not want to send a signal by explicitly including anti-defi language and for that reason, I oppose this amendment"
This amendment failed 11-13
This is a big win for DeFi.
My team and I are live posting Clarity Act updates as we follow in-the-room LIVE updates: https://x.com/leodexio/status/2054942531461276005
Ammendment to Prevent new DeFi platforms from being freely created fails in Senate Clarity Act
byu/Accomplished-Eye5567 inethtrader
Posted by Accomplished-Eye5567
1 Comment
The issue is 11-13 has been essentially every vote. I don’t see this passing the senate with 60 votes.