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BREAKING: COINBASE CEO drops truth bomb on Senate proposal, risking America’s crypto dominance 🚀 Blockchain Association warns of innovation apocalypse, analysts
wait, so is the US gonna ban crypto or what?! 🫠 what’s up with all this FUD about DeFi?? 🧐
brian armstrong vs. senate dems: will the US lose the crypto crown over reg proposals? 🚀 regulatory uncertainty could stunt DeFi
Coinbase CEO Brian Armstrong criticized a Senate Democrat proposal as harmful to innovation in DeFi. The plan suggests regulating front-end access to DeFi platforms, potentially impacting developers and startups. The Blockchain Association warned the proposal could hinder American leadership in the financial technology sector. Analysts fear the rules could lead to capital flight, affecting stablecoin growth and blockchain innovation. Discussions in the Senate on crypto market structure have stalled, complicating oversight. The proposal could result in a two-tiered financial system, impacting DeFi development in the U.S. 🚀
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