Over 100 amendments filed for Clarity Act, many targeting DeFi

U.S. senators have submitted over 100 amendments ahead of the Senate Banking Committee's markup session for the Clarity Act scheduled for tomorrow, Eleanor Terrett reported. Several of these amendments could negatively impact the decentralized finance (DeFi) sector, including proposals to expand software developer liability, regulate DeFi front-ends, and extend Anti-Money Laundering (AML) obligations. In response, the DeFi Education Fund (DEF) is urging emergency lobbying efforts, as the legislation's outcome could pose an existential threat to the U.S. DeFi ecosystem.