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US Senate Push for DeFi Restrictions Raises Fears of Crypto Market Slowdown

A leaked draft from the US Senate Banking Committee Democrats outlines an aggressive approach to decentralized finance (DeFi), proposing that any person or firm "designing, deploying, operating or profiting from a DeFi front-end" be regulated as a broker and register with the SEC or CFTC. Related Reading: Ripple Execs Meet Luxembourg's Finance Minister: A Deal [...]

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