A leaked proposal from the U.S. Senate regarding decentralized finance (DeFi) has drawn sharp criticism from industry leaders, who describe it as "impossible to comply with." The proposal's stringent requirements have raised concerns about the feasibility of its implementation, potentially stifling innovation within the DeFi sector. Meanwhile, Binance Coin (BNB) experienced a decline after reaching a new all-time high. Despite the drop, a strategist noted that the recent rally continues to enhance money flow across the Binance network, indicating sustained investor interest. In other news, Metaplanet has temporarily halted the sale of new stock. The decision aims to better manage the company's capital amid current market conditions, reflecting a cautious approach to financial strategy.
Leaked U.S. Senate DeFi Proposal Faces Industry Backlash
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