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Unchained

DEX in the City: With the Stablecoin Yield Compromise, Can the Clarity Act Get Passed?

May 7 · 39 min
0:00-39:52

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Seven lawsuits blame OpenAI for enabling a mass shooting. Could the same legal theory come for DeFi?


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Seven families just sued OpenAI in federal court, arguing ChatGPT was a defective product that helped plan a mass shooting. OpenAI's own safety team flagged the risk eight months earlier and did nothing. The legal theory being tested here, that software developers can be held liable for foreseeable misuse of their tools, is the same theory that has been circling DeFi for years. 

Meanwhile, April ended as the most hacked month in crypto history, with over $600 million stolen in roughly 30 exploits, most of them linked to North Korea and its weapons programs. DeFi United, a $300M relief coalition led by Aave, emerged as the industry's response. 

KK, Vy, and Jessi unpack what it means when the 'code is law' defense starts to crack, why basic operational security is still not standard practice, and how close the Clarity Act actually is to crossing the finish line.


Hosts:

Timestamps 🚀 0:00 Introduction 🤖 2:44 How several lawsuits claiming AI companies have liability for defective products has warning signs for DeFi 🔓 12:11 April: the most hacked month in crypto history. Who’s being social engineered now? 🛡️ 16:01 Why basic OpSec failures are still enabling North Korea's hackers 💸 18:17 Is the $300M raised by DeFi United a bailout or solidarity? 📜 26:41 The Clarity Act stablecoin yield compromise: what changed and what's left 🐶 36:47 Crypto good news: Dogecoin and Moonpay donate 1M DOGE to dogs

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