U.S. Senate Banking Committee Submits Over 100 Amendments to Clarity Act
Members of the U.S. Senate Banking Committee have submitted over 100 amendments to the Clarity Act, with several provisions proposed by Democratic lawmakers being labeled as "anti-DeFi amendments" by the DeFi Education Fund (DEF).
These amendments involve responsibilities for DeFi protocols, developer protections, and related regulatory provisions. DEF is closely monitoring and calling for opposition to parts that may harm decentralized finance.
Market Mechanism: Democratic lawmakers are the main proponents of restrictive amendments, creating uncertainty in the Clarity Act review process, leading to capital flow towards compliant centralized crypto platforms and traditional finance; DeFi projects and developers are under pressure, while licensed centralized exchanges and banks benefit from potential regulatory barriers.
Source: Public Information
ABAB AI Insight
DeFi Education Fund has previously tracked the legislative process of the Clarity Act, and this labeling of anti-DeFi amendments continues its role as an industry advocate pushing for developer protection clauses like the Blockchain Regulatory Certainty Act (BRCA), having lobbied to retain DeFi exemptions after the House version passed in 2025.
In terms of capital flow, Democratic lawmakers are attempting to strengthen the securities intermediary and banking confidentiality requirements for non-decentralized protocols through amendments, shifting resources from pure DeFi protocols to regulated centralized entities, motivated by the prevention of regulatory arbitrage and potential money laundering risks, while maintaining traditional finance's control over transactions.
Similar cases include Warren's previous restrictions on stablecoins and crypto main accounts, as well as the EU's MiCA gradual regulation of DeFi; the Clarity Act is currently in a fierce negotiation phase before the Senate Banking Committee markup, with DeFi protection clauses facing critical tests.
Structural Judgment: This essentially represents capital concentration driven by regulatory changes. Democratic amendments shift the pricing power of DeFi activities from decentralized protocol developers to centralized intermediaries clearly regulated by the SEC/Treasury, with the mechanism being the definition of "non-decentralized" standards and control determination, forcing capital to flow back from open DeFi infrastructure to compliant licensed entities, accelerating the evolution of the crypto market from wild innovation to layered regulation.
ABAB News · Cognitive Law
The more amendments there are, the narrower the survival space for DeFi.
The higher the regulatory barriers, the more centralized entities dominate.
The weaker the developer protections, the sooner innovative capital withdraws.