Cardano founder praises improved CLARITY Act draft as senators work to finalize ethics provision.

Cardano founder Charles Hoskinson has praised the latest draft of the CLARITY Act, calling it a significant improvement over previous versions, especially for its protections of DeFi features like decentralized governance and non-custodial staking. Senators are currently working to finalize the ethics provision, a key hurdle for the bill's passage. Coinbase is reviewing the draft, seeing it as a strong compromise, while banks remain concerned about stablecoin regulations. The bill's progress is closely watched as it could shape future crypto regulations in the U.S.