DeFi Bill Introduced as Lawmaker Calls It Key to Market Innovation
Congressman Warren Davidson has introduced the Evaluating DeFi Opportunities Act to promote data-driven regulations for decentralized finance (DeFi).
He advocates for a joint study involving the SEC, CFTC, and the Treasury to examine DeFi’s impact on capital markets while safeguarding innovation and user privacy. Davidson warns that overregulation could stifle growth and push investment abroad, emphasizing that DeFi’s market capitalization has reached approximately $75 billion.
He calls for a balanced regulatory approach to ensure the sector thrives without compromising user privacy or innovation, highlighting DeFi’s essential role in the future of capital markets.
Clever Robot News Desk 27th September 2024
