Stani Kulechov: Clarity Act draft will provide legal protection for DeFi developers

Techub News, according to crypto.news, Aave CEO Stani Kulechov stated that the newly released Clarity Act draft in the U.S. could mark a turning point for decentralized finance (DeFi) regulation, offering legal protection for developers building non-custodial protocols. He noted that the bill would allow DeFi teams to confidently build and maintain decentralized protocols without assuming the heavy obligations applicable only to centralized models. The bill is expected to reduce regulatory uncertainty by distinguishing decentralized protocols from centralized financial entities. He believes that if the U.S. successfully implements a clear DeFi regulatory framework, other jurisdictions may follow suit. Additionally, he emphasized that regulatory clarity, rather than yield, is the main driver of DeFi's long-term growth.