Castle Island Ventures founding partner and Coin Metrics co-founder Nic Carter says the so-called “DeFi killing” crypto bill circulating through Congress is likely dead on arrival. In a new political thread on the state of crypto, Carter says the FTX-backed bill has lost its muster after the collapse of the exchange. Disgraced FTX founder Sam Bankman-Fried supported legislative language that would “potentially require” decentralized finance platforms to attain operating licenses and user registrations. But Carter says Bankman-Fried’s vision now appears to be toast, in part because the bankrupt crypto firm no longer has lobbyists to push for the bill’s passage. “OnGo to Source
Author: NixCoin