U.S. Lawmakers Split on DeFi in First Congressional Hearing

In a recent U.S. Congressional hearing on Decentralized Finance (DeFi), lawmakers were divided over its potential and risks. Pro-crypto members advocated for DeFi as a way to create a more open and accessible financial system, while critics pointed out concerns over fraud, tax evasion, and criminal activities on DeFi platforms. This debate highlights the ongoing uncertainty about how DeFi will be regulated in the U.S., with both sides calling for clearer guidelines to balance innovation and consumer protection.

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