Tagged: yaya fanusie

New Legislation Submitted to Senate Banking Designed to Regulate Digital Assets, DeFi: Crypto Council for Innovation Slams Bill as “Arbitrary and Ill-defined”

New legislation has been submitted by Senator Jack Reed, co-sponsored by Senators Mark Warner,  Mike Rounds, and  Mitt Romney. The Crypto Council for Innovation has slammed the legislation as “arbitrary and ill-defined.” The bill (S.2355) is described as “a bill to clarify the applicability of… Read More

Crypto Council for Innovation Comments on US Department of Treasury Report on DeFi

Earlier today, the US Department of Treasury posted a report on DeFi entitled “2023 DeFi Illicit Finance Risk Assessment.”  For the first time, Treasury addressed the concept of DeFi  – a sector of digital assets that engenders challenges for regulators. Treasury noted that DeFi is… Read More

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