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Major progress has been made between the two parties in the United States regarding the Crypto Asset Market Structure Act. This 278-page document, which has been negotiated for months by Senate Republicans, Democrats, and industry stakeholders, was recently officially released, marking a easing of long-standing tensions between DeFi and traditional finance.
The key breakthrough lies in the inclusion of Section 601— which explicitly safeguards the rights of software developers. After closed-door negotiations last week, both sides finalized the plan this week. Traditional finance participants, especially industry organizations, made concessions during this round of negotiations.
The release of this bill indicates that regulators, industry participants, and policymakers are seeking a balance. They aim to regulate market order while leaving room for innovation—this delicate balance is gradually becoming a consensus. For developers and the DeFi ecosystem, this progress signifies that a clearer legal protection framework is taking shape.