There is a bill being talked about in the US Senate that, if it went through, would hold developers of DeFi protocols that exceed $25 million responsible This is tied to an idea being put forth that DeFi applications have to come under the banking laws.
In this video I discuss how this is asinine and shows how out of touch these people in Congress truly are..
▶️ 3Speak
https://reddit.com/r/CryptoCurrency/comments/154yvjc/the_senate_wants_to_make_developers_responsible/
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