DeFi's "Normandy Moment": UNI Leads the Rush for Legislative Benefits
Tomorrow (January 27), the U.S. Senate Agriculture Committee will conduct the final markup and vote on the highly anticipated "Digital Asset Market Structure Bill."
A well-known lobbying group in Washington disclosed today that the latest draft of the bill removes the provision imposing broker compliance obligations on "non-custodial software developers" (i.e., DeFi protocol developers).
This is seen as a significant benefit for DeFi. Capital is betting that once the bill passes, DeFi protocols will be able to compliantly activate the "Fee Switch" and distribute dividends to token holders.
UNI
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