Clarity bill not passed, crypto industry executives optimistic about DeFi opportunities

The initiatives of the US Securities and Exchange Commission (SEC) and the US Commodity Futures Trading Commission (CFTC) promote regulated on chain trading and increase institutional participation. Legal experts say that the regulatory framework is expected to gradually advance, but there are still gaps that need to be addressed by the US Congress. Cryptocurrency industry executives believe that the failure to pass the Clarity Act brings opportunities for DeFi, but mature exchanges may continue to maintain their competitive advantage. (Source: Bloomberg)