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Defi education background (def)a group that represents the main players in decryptized finances (difi), has shared their concerns with the United States Senate Bank Committee After reviewing a new project of the ACT Responsible Final Innovation (RFA) of 2025. I am
In one’s 1 August letter Signed by members as UNISWAP
Uni
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Labs, A16Z Crypto, and Paradigm, the group Called for billing to be more neutral when it comes to technology. I am
They noticed that building developers are open crypto harness should not be treated as financial or middlemen service providers. I am Def also emphasized that the right of individuals to handle their own digital assets, known as custody, must be protected.
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The stressed letter that The rules intended to stop illegal activity should not block new ideas in deficies. I am Def has notified that laws made for traditional finance should not be applied to systems that have not involved third.
Def also asked to the lighter to UPDATE FINCEN lines so that instruments constrained without control of users are not treated as financial institutions. I am
The group said:
The roller should reflect that technology only consist of non-custed software, not to control it as a financial institution or intermediate instance.
Additionally, Def argued that companies in Traditional Finance Might Might Ase Legencment to Denfi Defi Defi, Not To Protect Users, But to Remove Competition. The group stated that federal law should take priority on the state rules to create protection for everyone work in industry.
Recently, Coinbase accused federal deposit assurance corporation (FDIC) to continue to keep the significant records. What did the exchange say? Read the full story. I am
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