đăFirst DeFi hearing in the U.S. Congress: Fierce confrontation between the Democratic and Republican partiesăđ
The U.S. Congress held its first hearing on decentralized finance (DeFi). The theme of this event hosted by the House Financial Services Committee was "Decoding DeFi: Analyzing the Future of Decentralized Finance". Republican and Democratic lawmakers showed obvious differences on this issue, and the scene was heated!
đ Democratic Congressman Brad Sherman strongly criticized DeFi, saying that it was mainly used for crimes, evading sanctions and tax evasion. Maxine Waters mentioned the fraud related to the Trump family DeFi project "World Liberty Financial" and questioned the ability of regulators to respond.
đĄ In contrast, Amanda Tuminelli, chief legal officer of the DeFi Education Fund, emphasized the openness and inclusiveness of DeFi, demonstrating the potential of this emerging technology.
The hearing highlighted the serious differences among U.S. lawmakers on DeFi technology issues and also reflected the challenges faced by regulators. Crypto lawyer Jake Chervinsky commented: "A few years ago, there were only ten DeFi projects and no one thought it would achieve anything. Now it is on full display in the halls of power in Washington."
đź Although the market attitude is mixed, Bitcoin is still the star in the cryptocurrency field, and the future is promising!
