US Senate Welcomes Bill to Crackdown on Decentralized Finance

US Senate Welcomes Bill to Crackdown on Decentralized Finance

US Senate Welcomes Bill to Crackdown on Decentralized Finance As the popularity of DeFi continues to rise, regulatory bodies worldwide are turning their attention to the sector. Concerns surrounding potential money laundering activities and illicit financial flows have prompted calls for increased oversight and Anti Money Laundering (AML) compliance within DeFi.  According to reports, the proposed bill titled Crypto-Asset National Security Enhancement Act of 2023, seeks to enforce bank-like controls on DeFi protocols. The bill seeks to close off avenues that could facilitate money laundering, sanctions evasion, and other illicit activities associated with cryptocurrencies.  If you don't want to receive these emails in the future, please click here 14125 West State Highway 29 Suite B-203 (Box 372) Liberty Hill, Texas 78642