"These principles stand in stark contrast to the approach of U.S. policymakers, particularly in the CLARITY Act, which may allow companies to self-certify as decentralized. This could lead to discrepancies in how decentralization is defined, allowing centralized platforms to exploit the benefits meant for true DeFi projects. Spelliscy warns that without clear definitions, opportunistic companies may pass themselves off as DeFi while enjoying the regulatory advantages intended for innovators."

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