Amid the Clarity Act fanfare is some worry over how a last-minute deal may punch DeFi

The crypto market structure bill saw a high-stakes, 11th-hour gambit to get Democrats on board for a bipartisan committee vote, but it might carry a cost.

One section in the crypto industry's all-important U.S. Senate bill — the Digital Asset Market Clarity Act — outlines how to treat trading platforms that claim a place in decentralized finance (DeFi) but aren't genuinely decentralized. It…