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The Impact of the House Bill on DeFi Protocols
The Lummus, Gillibrand, Warren, Marshall bill is currently proposes an amendment to a must pass legislation that is basically before Congress right now. The implications of that law would not come into effect until two years after it's passed. If you're an interface and you allow people to interact with these protocols and your US-based,. the bill likely requires you to then, at least with respect to your users, monitor their use of it. It would have serious impacts on investment in these protocols.