Solana Institute CEO says CLARITY Act must shield open-source developers
60-second summary
Kristin Smith, Solana Institute CEO, is urging the Senate to preserve developer protections in the CLARITY Act, emphasizing that open-source builders should not be regulated as financial intermediaries. She argues that such regulations would stifle innovation and hinder the growth of decentralized finance. The industry's future hangs in the balance, with implications for the adoption and development of blockchain technology.
Kristin Smith urged the Senate to preserve developer protections in the CLARITY Act, arguing open-source builders should not be regulated as financial intermediaries.