Will the Senate’s leaked DeFi bill drain what’s left of US liquidity?
NegativeCryptocurrency

A leaked draft bill from Senate Democrats proposes extensive regulations on decentralized finance (DeFi), including Know-Your-Customer (KYC) and Anti-Money-Laundering (AML) requirements for various DeFi participants. This move, intended to counter a House-backed bill, has sparked internal dissent among Democrats, potentially stalling discussions on the future of DeFi regulation. The implications of this bill could significantly impact liquidity in the US market, raising concerns among investors and industry stakeholders about the future of decentralized finance.
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