Cardano founder slams the CLARITY Act: DeFi gets nothing, SEC gains new tools for suppression The act defaults everything as securities, leaving room for the SEC to attack U.S. crypto projects through bureaucratic processes. DeFi is completely ignored—Uniswap gets nothing, prediction markets get nothing, even Armstrong's yield-bearing stablecoin isn't even touched. The bigger risk lies in the vast space for future rule-making. This act could be weaponized at any time, and it doesn't even address the truly important core issues of the industry today. Supporters say 'it can be amended later'—then why rush to pass it now? What's the rush?