Part 6/8:
While there is enthusiasm for the passing of stablecoin legislation, critical discussions are still ongoing about the language within the bills. For instance, there is a prevailing argument that decentralized finance (DeFi) should be treated differently from traditional financial services, especially concerning Anti-Money Laundering (AML) provisions. Advocates argue that AML regulations should apply to centralized entities, like exchanges, rather than decentralized structures, which could stifle innovation.