Eleanor Terrett reports that competing industry reports reveal a split among major DeFi players over when human control turns DeFi into a regulated investment product as the SEC issues decentralization guidance after the Clarity Act stalled in Congress.

Crypto Council for Innovation report states that securities laws can keep up with crypto vaults only if humans retain meaningful control over fund management, per Eleanor Terrett.

Bitwise research flags crypto vaults as blockchain inv funds with 24/7 trading and 12% yield fees, eyeing several trillion AUM from current few billion.

Amber Group joins DeThings AMA May 27 at 8PM UTC+8 with Bifrost and DigiFTTech on crypto vaults, payments and real-world yield.