Senator Loomis pushes the bill again: Decentralized projects should not be bound by banking rules

Zhitongcaijing · 2d ago

According to Woofun AI, US Senator Cynthia Loomis once again called for passage of the CLARITY Act. The core proposition is that truly decentralized blockchain projects should not be subject to traditional banking regulations. This initiative directly points to the misalignment in the current regulatory system in an attempt to gain independent legal status for decentralized technology.

The full name of the bill is the “Digital Token Clarification Act”, which aims to draw a clear boundary between decentralized digital asset networks and centralized financial institutions. After years of discussions at the legal and policy level, the industry has reached a consensus on this distinguishing standard, and Loomis believes the time is ripe to incorporate it into federal law. Its core logic is to solve the long-standing problem of excessive regulation: many projects do not need to rely on central authorities to operate, and imposing compliance measures from traditional banks is both impractical and stifles innovation vitality.

If the bill is implemented, decentralized finance (DeFi) protocols and non-custodial applications will significantly reduce legal uncertainty. Industry Watch points out that clear rules help differentiate between centralized exchanges that are subject to regulation and projects that operate autonomously through smart contracts.

According to data compiled by Woofun AI, this legal clarity is essential to maintaining America's competitiveness in the global digital asset market, and can effectively guide capital flows to innovative fields that meet technical characteristics.

Loomis's move shows its determination to build a legal framework that reflects the uniqueness of decentralized technology. Despite still facing conventional legislative hurdles, if passed, the bill will be a key milestone in the integration of digital assets into the US financial system, marking a major shift in regulation from a 'one-size-fits-all' banking model to refined classification and governance.