Paradigm’s Slaughter Says CLARITY Act Dead, Flags House Democrats’ Crypto Bill

Cointime update: Paradigm’s Justin Slaughter said the CLARITY Act is dead and outlined a crypto bill House Financial Services staff are reportedly drafting. He said the draft could impose stricter DeFi rules and shift more of the industry’s oversight from the CFTC to the SEC, adding that DeFi “needs to be watching this very closely.”