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US Lawmakers Introduce Standalone Bill to Protect Blockchain Developers Ahead of Broader Crypto Legislation

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US Lawmakers Introduce Standalone Bill to Protect Blockchain Developers Ahead of Broader Crypto Legislation
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TL;DR:

Senators Lummis and Wyden introduce a standalone bill protecting non-custodial DeFi developers as the Senate prepares to mark up broader crypto market structure legislation this week. The post US Lawmakers Introduce Standalone Bill to Protect Blockchain Developers Ahead of Broader Crypto Legislation...

Key Points:

  • US Lawmakers Introduce Standalone Bill to Protect Blockchain Developers Ahead of Broader Crypto Legislation
  • Related to defi in the crypto space

    • Background:

    Decentralized Finance (DeFi) refers to financial services built on blockchain networks that operate without traditional intermediaries like banks. DeFi protocols enable lending, borrowing, trading, and earning yield on cryptocurrency assets through smart contracts.

    Why It Matters:

    DeFi represents a fundamental reimagining of the financial system, offering permissionless access to financial services globally. DeFi developments impact how value is exchanged, stored, and utilized in the crypto ecosystem, driving innovation in financial products and services.

    US Lawmakers Introduce Standalone Bill to Protect Blockch... | NewsCR