Will the Senate’s leaked DeFi bill drain what’s left of US liquidity?
A confidential draft bill circulating amongst Senate Democrats proposes sweeping new oversight of DeFi, extending Know-Your-Customer (KYC) and Anti-Money-Laundering (AML) duties to DeFi interfaces, validators, and even node operators. According to reports, the leaked bill was meant as the Democrats’ counterweight to the House-backed market-structure bill. However, inner backlash has reportedly stalled these broader discussions…
