US Senate’s new bill proposes “unworkable obligations for DeFi”, Crypto Council says

The Crypto Council for Innovation says the new AML bill provides no workable framework for illicit finance in DeFi. According to the crypto alliance, the bill’s proposals go “in the opposite direction” to what the proper approach should be.

327 +

DeFi Platforms And Bitcoin ATMs Face Major KYC Hurdles With New US Bill

A new bill introduced into the US Senate proposes to tighten Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations for decentralized finance (DeFi) services.  The Crypto-Asset National Security Enhancement and Enforcement (CANSEE) Act aims to prevent money laundering, stop crypto-facilitated crime and sanctions violations, and ensure that DeFi services meet the same AML and […]

272 +

DeFi Will Have to Crack Down on Money Laundering Under New Bipartisan Bill

New bill under consideration in Congress seeks to make DeFi protocols crack down on money laundering. The post DeFi Will Have to Crack Down on Money Laundering Under New Bipartisan Bill appeared first on BeInCrypto.

275 +

DeFi bill introduced in Senate would hold major investors responsible for illegal use

Senators Jack Reed (D-RI) and Mark Warner (D-VA) have introduced a new bill that aims to combat illicit financial activity like money laundering and terrorism financing in decentralized finance (DeFi), Bloomberg News reported on July 19.

283 +

New bill proposes strict rules for DeFi protocols

The Crypto-Asset National Security Enhancement Act aims to enforce anti-money laundering measures on DeFi protocols

493 +

The US Senate plans to introduce AML into the segment of decentralized finance

US lawmakers have decided to make another attempt to create an effective regulatory framework for the digital asset segment. Against this background, a new bill was ratified, which provides for strict requirements for combating money laundering (AML) in the segment of decentralized finance (DeFi).

309 +

Bipartisan bill to regulate DeFi, crypto security risks introduced into US Senate

The bill was introduced in the evening and has not been published yet, but it is already causing a stir. Crypto Twitter calls it a “nonstarter.”

457 +

US Senate introduces bill seeking to regulate DeFi like traditional banks

The bill aims at ensuring DeFi protocol operating in the US imposes strict controls on their users. The controls proposed in the bill resemble those that apply to traditional banks. The bill also places identity verification requirements on crypto kiosks.

314 +

New U.S. Senate Bill Wants to Regulate DeFi Like a Bank

A new bill from Sen. Jack Reed would impose strict requirements on DeFi protocols under the guise of national security.

319 +

A Second Round of the Lummis-Gillibrand Crypto Bill Elevates CFTC, Defines DeFi

The U.S. Securities and Exchange Commission (SEC) would take a back seat in a crypto oversight bill being re-launched by Sens. Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.), which would require that crypto exchanges be overseen by the Commodity Futures Trading Commission (CFTC) and all stablecoin issuers be regulated depository institutions.

443 +

Sen. Warren vows reintroduction of AML bill that extends to DAOs and DeFi

While the Senator did not expand on other details of the upcoming bill, she suggested that DeFi should not be exempt from AML laws.

320 +

Developers Excluded From Broker Label in New DCCPA Bill Draft

Stakeholders say that this latest draft of the bill softens language that would otherwise be detrimental to the Decentralized Finance (DeFi) industry.

321 +

Spritz Finance Announces Launch Of Its Bill Pay Product Beta On Polygon Network

Spritz Finance is elated to announce that its beta testing for its bill pay product is now open to all Polygon Network users. Spritz Finance is a Web3 personal finance platform that allows DeFi users to easily pay bills with crypto.

387 +

Leaked copy of US draft bill shows DeFi and DAOs under regulatory lens

The draft bill proposes to eliminate anonymous crypto projects, with DAOs, DeFi and exchanges required to legally register in the United States.

264 +

Bitcoin Mining Ban in New York Won't Reduce Carbon Emissions: Crypto Lawyer

Jake Chervinsky, long-term GC of DeFi heavyweight Compound and one of most influential Web3 lawyers, criticizes anti-Bitcoin bill

278 +

DeFi strategist Matt West claims the infrastructure bill can be fixed

Matt West, a DeFi strategist, and a Democratic congressional candidate believes there is still time to amend the US infrastructure bill, which President Biden signed into law on November 15. The bill passed into law without amendments to the broad provisions that could introduce stricter reporting requirements on crypto network validators and software developers.

317 +

Infrastructure Bill can still be remedied: DeFi dev turned Congress candidate

Matt West, DeFi developer by night and a Democratic candidate by day, believes there is still time to remedy the anti-crypto provisions of the U.S. Infrastructure Bill.

310 +

Crypto community concerned over impact of infrastructure bill on DeFi

How may the $1 trillion infrastructure bill impact the thriving DeFi ecosystem and crypto community at large?

302 +

Is DeFi the real reason behind U.S infra bill's crypto-inclusions

The U. S. Infrastructure Bill that was passed earlier this month fueled much panic within the Bitcoin and crypto-community due to the last-minute crypto-tax provisions that were added to it. Some membeThe post Is DeFi the real reason behind U.

415 +

Crypto industry blindsided by US Infrastructure Bill: Chervinsky

The Treasury Department is influencing the infrastructure bill to gain jurisdiction over the DeFi… The post Crypto industry blindsided by US Infrastructure Bill: Chervinsky appeared first on Coin Journal.

363 +

Treasury Dept. wants to ‘capture DeFi’ with infrastructure bill: Jake Chervinsky

General counsel to Compound Labs, Jake Chervinsky has warned that the Treasury Department wants to “capture” the DeFi sector through the crypto provisions added to the infrastructure bill.

303 +

Infrastructure bill passes, Coinbase posts $1.6 billion in Q2 profit, $600 million stolen in DeFi hack: Hodler’s Digest, Aug.8-14

280 +

Wyoming DAO Bill Approved by Senate

Wyoming’s DAO-focused “Bill 38” has been approved by the senate at today’s Senate Corporations, Elections and Political Subdivisions Meeting, bringing […] The post Wyoming DAO Bill Approved by Senate appeared first on DeFi Rate.

373 +

Tether Recovers $1 Million USDT Sent to Wrong Defi Address by Chinese Traders

Tether has recovered and returned $1 million worth of USDT to a group of Chinese traders who, in error, sent the funds to a wrong decentralized finance (defi) address. On September 8, the group, going under the moniker ‘Bill,’ “accidentally” transferred the money to a Swerve token contract and could not retrieve it.

346 +