U.S. Proposes New Regulations for DeFi Front-End Operations

The U.S. is facing a major shift in its approach to cryptocurrency regulation, with a new proposal from Senate Democrats targeting decentralized finance (DeFi) platforms. The document calls for registration of any entity involved in customer interaction within the DeFi ecosystem with either the SEC or CFTC, mirroring the regulatory framework applied to traditional brokers. This broad classification has sparked concerns among industry experts about the potential impact on innovation within the sector.