The USA, which has been on the agenda with the pressure it has applied to crypto since the beginning of the year, has now set its sights on the DeFi sector. The US Senate is preparing new regulations in the field of decentralized finance due to money laundering concerns.
The proposal, which went to the Senate under the name of the Crypto Asset National Security Enhancement Act, adds several responsibilities to the backs of DeFi protocols. Authorities preparing the new crypto regulation made the following statements in the preliminary briefing of the bill:
“With the new law, we want to fight against crimes involving cryptocurrencies. This regulation is very important for establishing national security and preventing money laundering.”
The Whales Are In Trouble!
Decentralized finance platforms stand out with their self-management unlike traditional applications. If the American authorities take a sanction decision after regulating this area, they want to see an interlocutor. Legislators have decided to hold those who have invested more than $25 million accountable if they fail to find a manager in a possible DeFi investigation.
If the new bill submitted to the US Senate is implemented, difficult days await DeFi platforms serving in the country.
How Will DeFi Coins Be Affected?
The decentralized finance law, which has come to the fore in the United States, may have a negative impact on DeFi coin prices in the coming period.
According to data from CoinGecko, industry altcoins lost 1.5%, while other crypto categories fell 0.5% on average.
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