Experts Skeptical of Senate Bill Targeting Money Laundering in DeFi Ecosystem

07/20 20:35

Legal experts in the crypto industry are doubtful about a new Senate bill called the Crypto-Asset National Security Enhancement (CANSEE) Act, which aims to address money laundering and sanctions violations in the decentralized finance (DeFi) ecosystem. The proposed legislation would impose penalties on anyone who "controls" a DeFi project if they fail to comply with anti-money laundering and financial reporting requirements.
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