X @Wu Blockchain

Several U.S. Democratic senators have proposed a countermeasure targeting DeFi, allowing the Treasury Department to place “high-risk” DeFi protocols on a “restricted list” and penalize U.S. users earning recurring revenue from them. The proposal also calls for KYC requirements on non-custodial wallet frontends and removes legal protections for crypto developers.https://t.co/kC2bGDS4xO ...