A Soft DeFi Ban in the USA?
The Breakdown
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The Treasury Department's Proposal to Apply AML and Sanctions Obligations to Decentralized Protocols
The legislation would effectively ban DeFi development in this country. Miller Whitehouse Levine, the CEO of the lobbying group the DeFi Education Fund, said it risks undermining U.S. law enforcement's existing insight and reach into peer-to-peer crypto activity. Janifanosi, director of anti-money laundering and cyber at the crypto council for innovation, called the bill arbitrary and ill-defined.
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