BlockBeats News, July 26th, Aave founder Stani Kulechov wrote on the X platform, stating that there is currently a greater need than ever for industry-wide consensus and urging all parties to make every effort to smoothly pass the CLARITY Act in the United States.

Stani stated that although the CLARITY Act is not perfect and there are still many details to be worked out by regulators in the future, the bill will be the first regulatory legislation involving decentralized finance (DeFi), providing a clear legal framework and regulatory certainty for institutions, fintech companies, and banks to participate in on-chain finance. Once the CLARITY Act is officially passed, the impetus it brings to the on-chain finance ecosystem is expected to be similar to the development opportunities the GENIUS Act previously brought to the stablecoin industry, attracting more investment and institutional funds into the on-chain space.

Stani added that over the past year, especially in the recent weeks and days, the Aave team has been in close communication with relevant policymakers in Washington D.C., USA. He stated that they are currently in the "last mile" of pushing for the bill's implementation, a crucial stage.