https://blockchaining.org/tags/clarity-act/ Recent content in Clarity Act on Blockchaining.org Hugo en-us Tue, 21 Apr 2026 00:00:00 +0000 https://blockchaining.org/2026/04/21/the-defi-regulatory-gap-and-what-congress-is-doing-about-it/ Tue, 21 Apr 2026 00:00:00 +0000 https://blockchaining.org/2026/04/21/the-defi-regulatory-gap-and-what-congress-is-doing-about-it/ <p>Decentralized finance has operated for years in a regulatory environment that is, by any honest assessment, unresolved. No overarching legislative or regulatory framework specifically governs defi. Existing laws — the Bank Secrecy Act, securities statutes, commodities regulations — were written before the technology existed and have been applied to it through guidance, enforcement actions, and legal interpretations that have shifted substantially depending on the administration in office.</p> <p>The Financial Crimes Enforcement Network established in 2019 guidance that money transmitter regulations apply to decentralized applications when those apps perform money transmission, stating that the rules apply &ldquo;regardless of label.&rdquo; A small number of defi entities have registered with any federal regulator, and Treasury acknowledged in a 2023 report that there is likely limited compliance with BSA/AML requirements across the sector. The gap between stated regulatory obligation and actual compliance is not ambiguous — it is documented.</p>