Hayden Adams, founder of Uniswap, tweeted that this week the US House of Representatives plans to vote on the FIT21 bill, a bipartisan bill to regulate CeFi to prevent another FTX. The bill's point about DeFi is that no one is bound by this bill as far as decentralized finance is concerned, while proposing a study of DeFi similar to the European study of MiCA. Congressional recognition that CeFi and DeFi are fundamentally different and need to be studied and treated differently is a big deal and a clear step in the right direction for the United States.
Golden Finance previously reported that about 50 organizations and companies, including Coinbase and a16z, sent a letter to the US House of Representatives in support of the FIT21 bill.
Uniswap founder: The FIT21 bill acknowledges that CeFi and DeFi are fundamentally different and need to be studied and treated differently
2024-05-21 13:38:02
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