Advertisement
News Explorer — Senate DeFi Bill Is ‘Messy and Unconstitutional,’ Says Coin Center
AD
Senate DeFi Bill Is ‘Messy and Unconstitutional,’ Says Coin Center
Crypto legal experts are skeptical of the proposed CANSEE Act, a Senate bill aimed at regulating money laundering in the DeFi ecosystem. The bill would subject DeFi project controllers to penalties for non-compliance with AML and financial reporting requirements. However, concerns arise regarding the broad discretion given to the Secretary of the Treasury in determining who controls a DeFi service, potentially granting excessive authority. Additionally, the bill raises constitutional issues by potentially penalizing software developers for publishing code.
Source Article
Latest
Decrypt
Senate DeFi Bill Is ‘Messy and Unconstitutional,’ Says Coin Center
Crypto legal experts are skeptical of the proposed CANSEE Act, a Senate bill aimed at regulating money laundering in the… Read Summary
Source Article
Decrypt
Congressman Ritchie Torres: SEC Chair Gensler ‘Intent on Sabotaging’ Crypto Industry
New York Congressman Ritchie Torres criticized SEC Chair Gary Gensler, accusing him of sabotaging the crypto industry. T… Read Summary
Source Article
Advertisement
deadline.com
FTX-Inspired Animated Series ‘Fortun3’ in the Works
Jon Heder and T.J. Miller will star in a Web3 animated series called Fortun3, inspired by the collapse of crypto bank FT… Read Summary
Source Article
Jul 20, 10:43 am
Coindesk
UK Government Rejects Proposal to Regulate Crypto Like Gambling
The UK government has rejected lawmaker plans to regulate crypto like gambling, stating that its existing proposals are… Read Summary
Source Article
Jul 20, 8:33 am
Coindesk
Kuwait Bans Crypto Payments, Investment and Mining
Kuwait has issued a circular prohibiting the use of cryptocurrency for payments or investment in an effort to combat mon… Read Summary
Source Article
Jul 20, 7:04 am
Coindesk
FTX and Alameda Seek to Retrieve $71 Million From Philanthropic Arm
FTX and Alameda are seeking to recover over $71 million from FTX’s philanthropic arm and other life science entities. Th… Read Summary
Source Article
Jul 20, 4:25 am
Unchained Crypto
Polygon Reveals Proposed Governance Changes Ahead of Version 2.0 Transition
Polygon has unveiled proposed changes to its governance system as part of its transition to Polygon 2.0. The upgrades wi… Read Summary
Source Article
Decrypt
8 Billion People Will Go On-Chain Over the Next Decade: Coinbase Protocols Lead
According to Coinbase protocols lead Jesse Pollak, crypto adoption will accelerate in the next decade, with the majority… Read Summary
Source Article
Decrypt
Orgasm NFTs? NARS Cosmetics Brand Reveals Eyebrow-Raising Art Auctions
Makeup brand NARS is releasing an NFT collection inspired by their shade called Orgasm, in celebration of National Orgas… Read Summary
Source Article
Jul 19, 8:48 pm
Blockworks
Tesla’s Digital Asset Holdings Remain at $184 Million
Tesla’s digital asset holdings remained unchanged at $184 million on its balance sheet in the second quarter, despite th… Read Summary
Source Article
Jul 19, 8:20 pm
Decrypt
Russia to Start Testing ‘Digital Ruble’ CBDC in August Barring Putin’s Veto
Russia is set to begin testing its digital ruble, a central bank digital currency (CBDC), in a few weeks. The bill grant… Read Summary
Source Article
Jul 19, 7:49 pm
Decrypt
AC Milan, BitMEX Extend Crypto Sponsorship Alliance
AC Milan has extended its partnership with cryptocurrency exchange BitMEX, which has been the team’s jersey sleeve spons… Read Summary
Source Article
Jul 19, 7:28 pm
Coindesk
SEC’s Gensler Seeks Expanded Budget, Noting Crypto’s ‘Wild West’
SEC Chairman Gary Gensler has requested additional funding of $72 million to expand the agency’s staff and crackdown on… Read Summary
Source Article
Jul 19, 7:09 pm
Decrypt
Bipartisan Bill Would Give US Treasury Authority Over DeFi
A bipartisan group of Senators has introduced a bill that would require decentralized finance (DeFi) services to comply… Read Summary
Source Article
AD
