News
Significance:
7/10

Senate Democrats' DeFi legislative proposal draws fire from committee Republicans, crypto advocates

https://www.theblock.co/post/374095/senate-democrats-defi-legislative-proposal-draws-fire-from-committee-republicans-crypto-advocates

Sarah Wynn

Mentions

Regions

Code
Name
US
🇺🇸United States

Sentiments

Target
Sentiment
Comment
Bearish
The proposal is criticized as impractical and potentially harmful to the DeFi ecosystem.
Bearish
Granting the Treasury authority to define decentralization is seen as overreach.