Lawmaker Criticizes Biden-Harris Administration's Approach to De-fi Regulation

#DEFİ #Biden #KamalaHarris #Binance #BTC

House Financial Services Subcommittee Chairman French Hill emphasized the need to understand decentralized finance technologies during a hearing.

He criticized the Biden administration’s regulatory approach and urged Congress to keep discussions open on supporting defi innovation.

Hill noted that current regulatory frameworks were created for a system reliant on centralized intermediaries, not the decentralized, peer-to-peer ecosystem enabled by digital assets and blockchain.