Recent proposals from U.S. Senate Democrats suggest stricter regulations for decentralized finance (DeFi), potentially requiring firms to register with regulatory bodies like the SEC or CFTC. Insiders believe these new rules could effectively ban many key functionalities of DeFi.
The proposal may protect open-source software developers from legal liabilities, provided they remain non-profitable. The ongoing bipartisan discussions aim to create a balanced regulatory framework for cryptocurrencies as lawmakers navigate complexities concerning compliance.
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