US Senate introduces bill that could make DeFi look like traditional banking

The U.S. Senate is preparing to reshape the landscape of the crypto industry with a proposed bill, the Crypto-Asset National Security Enhancement Act of 2023. This bill will primarily impose stringent anti-money laundering (AML) requirements on decentralized finance (DeFi) protocols, which are financial applications that enable borrowing, lending, and trading of cryptocurrency via smart contracts. ... Read more