TechFlow, October 22 — According to The Hill, bipartisan negotiations in the U.S. Senate over a cryptocurrency market structure bill have recently stalled. This follows the leak of a Democratic proposal to regulate decentralized finance (DeFi), which sparked strong opposition from the crypto industry, with critics stating the proposal "would effectively ban decentralized finance, wallet development, and other applications in the United States." The bill aims to clarify the regulatory boundaries between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) over the cryptocurrency sector; the House version passed in July this year. With government shutdown concerns now occupying most congressional attention, the likelihood of the bill passing this year has further diminished.
Risk Disclosure: This website's content is not investment advice and offers no trading guidance or related services. Per regulations from the PBOC and other authorities, users must be aware of virtual currency risks. Contact us / support@techflowpost.com ICP License: 琼ICP备2022009338号
