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Uniswap and a16z call for the establishment of a dedicated regulatory framework for Decentralized Finance.
According to Hash World News, Uniswap, a16z, and their partners urge the Senate to establish a dedicated regulatory framework for Decentralized Finance (DeFi) and have proposed four key objectives. The DeFi Education Fund (DEF) submitted a statement recommending that the banking committee seriously consider how to regulate DeFi. The statement calls for legal compliance with four key objectives: distinguish between DeFi developers and centralized intermediaries; clarify which intermediaries need to register with the government; establish standards for whether a protocol is decentralized; and implement technology-neutral regulation. DEF's statement was co-signed by a16z Crypto, Jito Labs, Jump Crypto, Paradigm, Multicoin Capital, Solana Policy Institute, Uniswap Foundation, Uniswap Labs, and Variant Fund. The committee is discussing the draft of the Responsible Financial Innovation Act of 2025 (RFIA), an updated version of the cryptocurrency market legislation reviewed by the Senate in June 2022. The committee will seek public input on the draft bill, aiming to ensure it is based on the solid foundation established by the CLARITY Act, encouraging innovation in the U.S. while not jeopardizing financial stability or harming consumer interests.
#Uniswap # a16z #DeFi # Solana_Policy_Institute #Cryptocurrency