A last-minute Clarity Act tweak on Defi, an Eco Protocol gets drained for $77 million.

The Senate Banking Committee advanced the Clarity Act last week in a 15-9 bipartisan vote.

But a last-minute tweak has the defy sector on edge.

Lawmakers stripped out language protecting non-controlling blockchain developers.

Under the new version, they could be folded into financial regulations as securities intermediaries.

The wording is broad.

Anyone acting pursuant to an agreement, arrangement, or understanding to control a protocol could be swept in.

The FCC could roll out a new framework for trading tokenized stocks as early as this week, according to Bloomberg.

The proposed innovation exemption would let trading platforms offer digital versions of publicly traded securities under a lighter regulatory structure. Wall Street is already

lining up. DTCC plans to begin limited production trades in July. Nasdaq has SEC approval for its

tokenized securities plan, and ICE, the parents of NYSE, is expanding into tokenized stocks through a

partnership with OKX. And finally, D5 Platform Echo Protocol was drained for about $77 million in the latest

decentralized protocol exploit.

The attacker used a compromised admin key to mint 1,000 unauthorized EBTC on the Monad

blockchain, borrowed $3.45 million in wrapped Bitcoin against the funds,

and laundered them through tornado cash. Get more updates on coindust.com.