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CLARITY Act: Washington’s Crypto Bill Set to Limit State Oversight and Boost DeFi Freedom - Blockmanity

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TL;DR:

CLARITY Act: Washington’s Crypto Bill Set to Limit State Oversight and Boost DeFi Freedom Blockmanity

Key Points:

  • CLARITY Act: Washington’s Crypto Bill Set to Limit State Oversight and Boost DeFi Freedom - Blockmanity
  • Related to defi in the crypto space

    • Background:

    Decentralized Finance (DeFi) refers to financial services built on blockchain networks that operate without traditional intermediaries like banks. DeFi protocols enable lending, borrowing, trading, and earning yield on cryptocurrency assets through smart contracts.

    Why It Matters:

    DeFi represents a fundamental reimagining of the financial system, offering permissionless access to financial services globally. DeFi developments impact how value is exchanged, stored, and utilized in the crypto ecosystem, driving innovation in financial products and services.