The U.S. Senate is again preparing to tackle crypto industry regulation through a new bill.

The proposed Crypto-Asset National Security Enhancement Act of 2023, backed by bipartisan support, aims to enforce strict anti-money laundering (AML) measures on decentralized finance (DeFi) protocols, mandating them to adopt banking-like controls for their users.

Regulating DeFi

DeFi protocols, the decentralized applications enabling users to engage in crypto borrowing, lending, and tradi

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Author: Sarah Jansen

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