Coin Center and Blockchain Association slam ‘unworkable’ US Senate DeFi bill
Coin Center said the bill was unconstitutional, while the Blockchain Association called it incompatible with blockchain technology.
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Coin Center said the bill was unconstitutional, while the Blockchain Association called it incompatible with blockchain technology.
The Yearn Finance founder suggested that several cracks have shown in the crypto sector this year, and that regulation is needed to “reign in irresponsible actors.”
The document provides scenarios where decentralized exchanges would need to take out licenses and do KYC, among other things.
Continue reading Sam Bankman-Fried Posts Crypto “Norms Manual” at DailyCoin.com.
Web3 professional Agne Linge said that for broader DeFi adoption, regulations must catch up to make people feel safe.
The World Economic Forum has urged policymakers to adopt sandbox-based frameworks to enhance regulatory clarity for DeFi innovations and address key risks.
US regulators are turning against crypto, and lawmakers could follow suit. Read about what the Treasury thinks of DeFi.
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