@jakeclaverqfop: Banks want regulated infrastructure, not chaos. KYC, AML, OFAC compliance on chain. The XRPL delivers that. The DeFi component of the Clarity Act is what Democrats and banks both push back on because accountability is missing there. Scams, no disclosures, no recourse. That opposition is not wrong. The likely path is stripping DeFi out, passing clarity on asset classification first, and dealing with DeFi separately later.

Jake Claver

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Thursday 07 May 2026 21:32:47 GMT