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Kamino Introduces Contract-Level Security Controls for Lending Vaults

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Kamino Introduces Contract-Level Security Controls for Lending Vaults

The feature prevents compromised curator keys from redirecting depositor funds to unvetted reserves.

Kamino, the largest lending protocol on Solana, has rolled out a new security feature called Whitelisted Reserves that enforces allocation controls at the smart contract level across its lending vaults.

The move comes just over a week after the Drift Protocol exploit, in which attackers drained roughly $270M from the Solana-based perpetual futures exchange using social engineering and compromised admin keys. The attack, which security firms have since attributed to DPRK-linked threat actors, rattled the broader Solana ecosystem and prompted the Solana Foundation to launch a new tiered security program for decentralized finance (DeFi) protocols.

Kamino’s Whitelisted Reserves mechanism ensures that vault funds can be deployed only to reserves explicitly approved by a protocol-level multisig. If a vault curator’s keys are compromised, an attacker would be unable to redirect depositor funds into a malicious or unvetted market, a scenario that could otherwise drain a vault’s liquidity.

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“With Whitelisted Reserves, that attack path is closed,” Kamino said. “The smart contract rejects any allocation or investment into a reserve that Kamino has not explicitly whitelisted, regardless of who signs the transaction.”

The feature enforces two onchain restrictions: curators cannot create or increase allocations outside the whitelist, and depositor funds cannot flow into any unvetted reserves via the vaults. Both restrictions are irreversible once activated by a curator.

All vaults currently displayed on Kamino’s frontend — including those managed by Sentora, Gauntlet, Steakhouse, Allez Labs, and RockawayX — now have Whitelisted Reserves enabled. Going forward, the feature will be a requirement for any vault to appear on the Kamino interface.

Withdrawals remain unaffected by the whitelist; depositors can exit vaults at any time, subject to available liquidity.

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Kamino is the largest DeFi protocol on Solana and ranks among the top lending platforms across all chains. Earlier this year, the protocol launched Lend V2, introducing modular markets, automated lending vaults, margin leverage, and RWA integration.

This article was written with the assistance of AI workflows. All our stories are curated, edited and fact-checked by a human.

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CLARITY Act faces 2030 delay warning from Senator Lummis

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Lummis says CLARITY Act must pass this year as Senate eyes April markup

A new push for the CLARITY Act is building in Washington as crypto policy supporters warn the timeline may be narrowing. 

Summary

  • Cynthia Lummis warned Congress may miss its best chance to pass the CLARITY Act soon.
  • David Sacks and crypto leaders urged the Senate to move market structure legislation forward now.
  • Senate progress may depend on resolving stablecoin yield disagreements before a markup hearing begins.

Senator Cynthia Lummis said Congress must move soon or risk delaying market structure reform for years.

Lummis said the United States may miss a rare opening to pass the CLARITY Act if lawmakers fail to act soon. She said the bill may not get another real chance until at least 2030.

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In a post on X, Lummis wrote, “This is our last chance to pass the Clarity Act until at least 2030.” She added, We can’t afford to surrender America’s financial future.”

The warning comes as crypto policy supporters watch the political calendar. With US midterm elections set for November, some industry figures fear Congress could shift focus and slow work on crypto legislation.

That concern has kept attention on the bill’s timing. Supporters say the next few months may decide whether the measure advances during the current session.

Former White House AI and crypto czar David Sacks also called for quick action. He said the Senate Banking Committee and the full Senate should move the bill forward.

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Sacks said, The time to act is now. Senate Banking, and then the full Senate, should pass market structure.He added that he expects President Donald Trump to sign the bill if Congress approves it.

Other industry voices have also backed the legislation. A16z Crypto managing partner Chris Dixon said,

 “when rules are defined, both consumers and entrepreneurs win.”

Immutable founder Robbie Ferguson also backed the bill. On April 3, he said, “the CLARITY Act will make the last decade of growth in gaming look like a joke.”

Senate progress depends on key issues

Coinbase Chief Executive Brian Armstrong said on Friday that “it’s time” for the bill to pass after months of delays. His comment added to fresh calls for movement in the Senate.

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Coinbase Chief Legal Officer Paul Grewal said on April 2 that the CLARITY Act could be nearing a markup hearing in the Senate Banking Committee. He also said disagreements over stablecoin yield still need to be resolved.

Regulators have also shown support. SEC Chairman Paul Atkins said, 

“It’s time for Congress to future-proof against rogue regulators & advance comprehensive market structure legislation to President Trump’s desk.”

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Kenya Moves Closer to Regulating Crypto Firms With VASP Framework

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Kenya Moves Closer to Regulating Crypto Firms With VASP Framework

Kenya is moving closer to formalizing oversight of its digital asset sector after completing public consultations on proposed rules for crypto firms.

On April 11, the National Treasury announced that it had concluded stakeholder submissions on the draft Virtual Asset Service Providers (VASP) regulations. This step advances the framework needed to implement the country’s 2025 law governing crypto-related businesses.

Kenya Drafts Stricter Rules for Crypto Firms

The rules will establish licensing requirements and supervisory standards for companies dealing in cryptocurrencies, tokenized assets, and stablecoins.

The proposed regime outlines entry thresholds for operators, including ownership suitability tests, capital requirements, and governance standards. It also establishes obligations related to risk management and anti-money laundering compliance.

The Kenyan authorities are also seeking to impose stricter consumer safeguards. This would include mandatory disclosures, transparent pricing, and protections for crypto client funds.

The framework introduces market conduct provisions aimed at curbing manipulation and insider activity, while requiring due diligence for asset listings and ongoing monitoring of trading activity. Firms would also be subject to periodic reporting, audits, and cybersecurity standards under a system combining on-site and off-site supervision.

The central bank and capital markets authorities are expected to share oversight of the crypto sector.

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Kenya’s push to formalize oversight aligns with a broader global shift among regulators to define sectoral rules while preserving space for innovation.

The Treasury said the next phase will involve reviewing feedback and refining the draft before finalizing the regulations. The outcome is expected to shape how firms enter and operate in one of Africa’s more mature fintech markets.

“Kenya is building a trusted framework that balances innovation with financial stability,” the financial agency stated.

The consultation process comes as digital asset use expands rapidly across Africa. According to Ripple, the continent faces high transaction costs, delays in cross-border transfers, and limited access to stable foreign currencies.

As a result, people on the continent have shown increased reliance on crypto-based tools for settlement and savings.

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Due to this, Sub-Saharan Africa has emerged as one of the fastest-growing crypto markets, with transaction volumes rising sharply over the past year.

The post Kenya Moves Closer to Regulating Crypto Firms With VASP Framework appeared first on BeInCrypto.

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Trump token sees whale accumulation ahead of Mar-a-Lago gala; senators raise questions over event

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Trump token sees whale accumulation ahead of Mar-a-Lago gala; senators raise questions over event

Large investors are accumulating the TRUMP memecoin ahead of an upcoming gala hosted by President Donald Trump at Mar-a-Lago on April 28, even as the token trades near record lows and the impending event faces political scrutiny.

Data tracked by blockchain sleuth Lookonchain shows notable whale buying through centralized exchanges. One whale, “8DHkza,” withdrew 850,488 $TRUMP tokens (worth approximately $2.4 million) from Bybit over the past two days. Another address, “7EtuAt,” withdrew 105,754 tokens (around $298,000) from Binance 17 hours ago and currently holds 1.13 million tokens, valued at roughly $3.2 million.

Outflows from exchanges are said to represent investor intention to take direct custody of coins and hold the same for long-term. Hence, outflows are taken to indicate accumulation and potentially reduce immediate sell-side liquidity in the market.

The accumulation comes ahead of an invitation-only luncheon reportedly limited to the top 297 TRUMP token holders, with the top 29 receiving exclusive VIP access to Donald Trump.

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However, TRUMP continues to trade at record lows near $2.80, down 0.2% on a 24-hour basis and over 1% in seven days. The token came under pressure this week after CoinDesk reported the Trump-linked crypto venture World Liberty Financial’s controversial lending strategy on the Dolomite DeFi platform.

Meanwhile, U.S. lawmakers have stepped up scrutiny of the Mar-a-Lago event. Senators Elizabeth Warren, Adam Schiff, and Richard Blumenthal have sent a letter to Fight Fight Fight LLC, a Delaware-based entity run by Trump associate Bill Zanker, requesting documents and information on whether Trump played a role in planning, promoting, or financially benefiting from the gathering. Fight Fight Fight LLC TRUMP memecoin in partnership with entities affiliated with Donald Trump.

“It is essential that Congress fully understand the extent to which President Trump and his family are profiting off of his cryptocurrency ventures,” the senators said, adding that “Congress must also take steps to prohibit and prevent these egregious conflicts of interest.”

The probe introduces an additional layer of uncertainty for the token, as regulatory and political risks intersect with already weak price action.

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US Down To ‘Last Chance’ To Pass Clarity Act Before 2030: Lummis

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US Down To 'Last Chance' To Pass Clarity Act Before 2030: Lummis

The United States government must pass the CLARITY Act, which aims to provide the crypto industry with clearer regulatory oversight, soon, or risk waiting almost another four years to move the industry forward, according to US Senator Cynthia Lummis.

“This is our last chance to pass the Clarity Act until at least 2030,” Lummis, a well-known crypto advocate, said in an X post on Friday.

“We can’t afford to surrender America’s financial future,” she added. The comments come as crypto industry participants begin to worry that the bill’s chances of passing this year are narrowing, with US midterm elections in November potentially changing congressional priorities and slowing momentum on the highly anticipated crypto legislation.

The former White House AI and crypto czar, David Sacks, also chimed in on Thursday with a similar view to Lummis.

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“The time to act is now. Senate Banking, and then the full Senate, should pass market structure. I’m confident that they will. And then President Trump will sign this landmark bill into law,” Sacks said. 

Consumers and entrepreneurs both “win” from the CLARITY Act

Many industry participants have argued that the passage of legislation aimed at clarifying which regulators oversee parts of the crypto industry could lead to greater innovation in the US and potentially increase demand for crypto assets among retail investors.

Source: Chad Steingraber

A16z Crypto managing partner Chris Dixon reiterated that view in a post, saying that “when rules are defined, both consumers and entrepreneurs win.”

A wide range of sectors in the crypto industry expect the move to be positive. 

Web3 gaming giant Immutable founder Robbie Ferguson said just days before, on April 3, that “the CLARITY Act will make the last decade of growth in gaming look like a joke.”

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On Friday, Coinbase CEO Brian Armstrong, who withdrew the crypto exchange’s support for the Digital Asset Market Clarity Act in January, said “it’s time” for the legislation to pass after months of delays.

Meanwhile, Coinbase chief legal officer Paul Grewal said on April 2 that the CLARITY Act could be nearing a markup hearing in the US Senate Banking Committee. However, he noted that progress hinges on resolving disagreements over stablecoin yield.

Related: CFTC unveils innovation task force members in crypto clarity push

Regulators are also voicing their support for the legislation.

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US Securities and Exchange Commission (SEC) Chairman Paul Atkins said in a post on the same day that, “It’s time for Congress to future-proof against rogue regulators & advance comprehensive market structure legislation to President Trump’s desk.”

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