The advancement of U.S. encryption policy may be influenced by resistance from Senator Warner.

[The advancement of U.S. crypto policy may be influenced by Senator Warner's resistance] U.S. Senator Mark Warner (Democrat from Virginia) may become a major obstacle for the crypto industry in pushing for legal protections for software developers. Warner is concerned about hacking and money laundering issues in the Decentralized Finance (DeFi) space and opposes the provisions in the Digital Asset Market Structure Bill that grant legal exemptions to developers. Although Warner previously supported stablecoin regulation legislation and has been rated as a pro-crypto Democratic senator by the industry, his stance on the Senate Banking Committee may impact the advancement of the market structure bill. The crypto industry is closely monitoring Warner's attitude in the latest legislative negotiations in an effort to establish legal protection for developers.

DEFI4.17%
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