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breaking: leaked senate defi bill could KILL america’s crypto game?! 🚫📉🔒opposes like coinbase ce
wait, Senate tryna KYC DeFi?? 🧐 will this bill send liquidity to Mars?? 🚀💀
This Senate DeFi bill leak introduces regulatory uncertainties that may disrupt liquidity flows within the U.S., potentially prompting a shift of capital to more favorable jurisdictions.
A leaked Senate bill proposes extending KYC and AML requirements to DeFi interfaces, validators, and node operators. It also introduces new oversight for Oracle operators and empowers the Treasury Department to restrict certain protocols. The move has sparked partisan tensions, with concerns that it may drive liquidity overseas. Industry players, including Coinbase CEO Brian Armstrong and Uniswap founder Hayden Adams, strongly oppose the bill, fearing it could stifle innovation and hinder the U.S.’s position in the global crypto market. 🚫⚖️🔒
Will leaking Senate DeFi bill drain what’s left of America’s liquidity?
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