Senate Democrats' Crypto Stance Sparks DeFi Fears, While Stablecoin Yields Face Lobbying Battle
A leaked proposal from Senate Democrats regarding cryptocurrency regulation has sent shockwaves through the decentralized finance (DeFi) industry, with critics warning it could effectively "strangle" the sector. Concurrently, U.S. senators are receiving a surge of public support for protecting stablecoin yields amidst intense lobbying from traditional banking