The CLARITY Act uses Bank Secrecy laws to quietly kill decentralized access without ever banning code

DeFi exclusions sound protective, yet the CLARITY Act’s Bank Secrecy expansion may target your access points

While supporters say the CLARITY Act could bring long-awaited regulatory certainty to crypto markets, not everyone is on board.

Critics argue the bill doesn’t need to “ban DeFi” to reshape it. Their claim is that CLARITY can leave base-layer software intact while shifting the real battleground to regulated access points: the brokers, dealers, custodians, exchanges, and interfaces most users…