The USA, which has been on the agenda with the pressure it has applied to crypto since the beginning of the year, has now set its sights on the DeFi sector. The US Senate is preparing new regulations in the field of decentralized finance due to money laundering concerns.
The proposal, which went to the Senate under the name of the Crypto Asset National Security Enhancement Act, adds several responsibilities to the backs of DeFi protocols. Authorities preparing the new crypto regulation made the following statements in the preliminary briefing of the bill:
“With the new law, we want to fight against crimes involving cryptocurrencies. This regulation is very important for establishing national security and preventing money laundering.”
The Whales Are In Trouble!
Decentralized finance platforms stand out with their self-management unlike traditional applications. If the American authorities take a sanction decision after regulating this area, they want to see an interlocutor. Legislators have decided to hold accountable those who have invested more than $25 million if they fail to find a manager in a possible DeFi investigation.
If the new bill submitted to the US Senate is implemented, difficult days await DeFi platforms serving in the country.
How Will DeFi Coins Be Affected?
The decentralized finance law, which has come to the fore in the United States, may have a negative impact on DeFi coin prices in the coming period.
According to data from CoinGecko, industry altcoins lost 1.5%, while other crypto categories fell 0.5% on average.
Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.