Aave founder: The CLARITY Act has entered the "last mile," and if passed, it will bring benefits to DeFi

Aave founder Stani posted on the X platform stating that there is a greater need than ever for all parties in the industry to reach a consensus and make every effort to promote the smooth passage of the CLARITY Act in the United States.

Although the bill is not perfect at this time and there are still many details that need to be developed by regulatory agencies in the future, it will become the first regulatory legislation involving DeFi, providing a clear legal framework and regulatory certainty for institutions, fintech companies, and banks to participate in on-chain finance.

Once officially passed, its impact on the on-chain financial ecosystem is expected to be similar to the development opportunities brought to the stablecoin industry by the previous GENIUS Act, attracting more investment and institutional funds into the on-chain space.

Over the past year, especially in recent weeks and days, the Aave team has been in close communication with relevant policymakers in Washington, D.C., and is currently in the "last mile" of promoting the implementation of the bill, a crucial stage.