Coin World news, on August 5 (UTC+8), the U.S. Congress enters its August recess, during which the Senate Banking Committee will review written feedback from various parties on its market structure legislative draft. The DeFi Education Fund, in conjunction with a16z Crypto, Uniswap, Jump Crypto, Paradigm, and others, submitted a 22-page response letter urging legislation to protect the rights of DeFi developers and non-custodial software, as well as self-custody users, and to develop a technology-neutral regulatory framework. The letter recommends including the Blockchain Regulatory Certainty Act and the Keep Your Coins Act, clarifying the definition of “control” in decentralized networks to prevent regulatory uncertainty from hindering innovation. (Source: Crypto in America)