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Decentralized lending platform Morpho has raised one hundred seventy five million dollars in fresh funding, a signal that Wall Street's interest in decentralized finance is no longer theoretical. The round underscores growing institutional appetite for curated lending infrastructure built outside traditional banking rails.
Across the Atlantic, the UK's Financial Conduct Authority is proposing to allow certain mutual funds up to ten percent exposure to crypto exchange-traded notes. It's a measured, regulatory step — not an endorsement of crypto broadly, but an acknowledgment that institutional demand has reached a point where ignoring it entirely is no longer a viable posture.
Meanwhile, back in Washington, scrutiny is intensifying around the Clarity Act, the sweeping crypto legislation advancing through the US Senate. Critics argue the bill as written leaves meaningful gaps around money laundering, sanctions evasion, and conflicts of interest — including, pointedly, at the highest levels of government. With this much money now flowing through the sector, the stakes of getting the rules wrong are considerable.
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