Aave Founder: Final Push for CLARITY Act Passage, DeFi Set for Regulatory Milestone

Odaily Odaily reports that Aave founder Stani Kulechov stated on the X platform that it is now more critical than ever for industry stakeholders to build consensus and make every effort to ensure the smooth passage of the US .

Stani indicated that although the is not perfect and many details still need to be formulated by regulatory agencies in the future, this bill will become the first regulatory legislation involving decentralized finance (DeFi). It aims to provide a clear legal framework and regulatory certainty for institutions, fintech companies, and banks to participate in on-chain finance. Once the is officially passed, its driving effect on the on-chain finance ecosystem is expected to be similar to the development opportunities brought by the for the stablecoin industry, attracting more investment and institutional funds into the on-chain space.

Stani added that over the past year, especially in recent weeks and days, the Aave team has been in close communication with relevant policymakers in Washington, D.C., USA. He stated that they have now entered the "last mile" of pushing for the bill's enactment, a phase that is crucial.