A Soft DeFi Ban in the USA?
The Breakdown
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Crypto's Biggest Enemies
Much of this bill maximally defers to the discretion of Treasury and the SEC, so it's not really known how implementation will end up looking or how long before they change things around again. My pet theory is that all this deference to Treasury and theSEC in the acts language itself is meant as a preemptive defense against the major questions doctrine if and when it's challenged at the Supreme Court. This would obviously put a real crimp in for example the way that SEC Chair Gensler has handled things. Something to keep in mind is that it's most probable that Gensler is going to leave the SEC before the Lazarus group stops pillaging DeFi.
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