US lawmakers split on DeFi, with pro-crypto lawmakers supporting innovation and skeptics worried about risks.

From Cointelegraph and September 10, 2024 11:59:19 pm:

Pro-crypto lawmakers advocate for a more open financial system, citing benefits for economic growth and innovation. Skeptical legislators raise concerns about DeFi’s potential for criminal activity, fraudulent schemes, and tax avoidance, calling for stricter regulations to mitigate risks.

Read more at Cointelegraph: US lawmakers divided in first Congressional hearing on DeFi