Aave Founder: CLARITY Act Enters Final Stage, DeFi to Face Regulatory Milestone

Odaily reports that Stani Kulechov, founder of Aave, posted on platform X, stating that now more than ever, it is necessary for all industry stakeholders to build consensus and make every effort to ensure the successful passage of the U.S. CLARITY Act.

Stani noted that while the CLARITY Act is not perfect and many details still need to be formulated by regulatory agencies in the future, the bill will serve as the first piece of regulatory legislation involving decentralized finance (DeFi), providing a clear legal framework and regulatory certainty for institutions, fintech companies, and banks to participate in on-chain finance. Once the CLARITY Act is officially passed, its driving effect on the on-chain finance ecosystem is expected to be similar to the development opportunities that the GENIUS Act brought to 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 maintaining 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 implementation, a phase that is critically important.