Wu Blockchain (@WuBlockchain): Several U.S. Democratic senators have proposed a countermeasure targeting DeFi, allowing the Treasury Department to place “high-risk” DeFi protocols o…
Estimated coin impact
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Several U.S. Democratic senators have proposed a countermeasure targeting DeFi, allowing the Treasury Department to place “high-risk” DeFi protocols on a “restricted list” and penalize U.S. users earning recurring revenue from them. The proposal also calls for KYC requirements on non-custodial wallet frontends and removes legal protections for crypto developers. https://t.co/kC2bGDS4xO