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Uniswap founder: The FIT21 bill recognizes that CeFi and DeFi are fundamentally different and need to be studied and treated differently

CointimeCointime2024/05/21 13:49
By:Cointime

Uniswap founder Hayden Adams tweeted that the US House of Representatives plans to vote on the FIT21 bill this week. This is a bipartisan bill aimed at regulating CeFi to prevent another FTX. The bill's view on DeFi is that, as far as decentralized finance is concerned, no one is bound by this bill, and it proposes research on DeFi, similar to Europe's research on MiCA. Congress recognizes that CeFi and DeFi have essential differences and need to be studied and treated differently. This is a big deal and a clear step in the right direction for the United States. Previously reported that about 50 organizations and companies, including Coinbase and a16z, wrote to the US House of Representatives to support the FIT21 bill.

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