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Leaked copy of US draft bill shows DeFi and DAOs under regulatory lens -Breaking

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A leaked US bill draft shows DeFi and DAOs in regulatory lens

Twitter started to circulate a draft United States bill about cryptocurrency earlier Tuesday (NYSE:). Leaked 600-page bill highlights key regulatory concerns, including stablecoins and decentralized autonomous organisations (DAOs), decentralized finance (DeFi) as well as crypto exchanges.

Regulators seem to have made user protection their primary concern. Policies are in place to make sure that any cryptocurrency platform or service provider is legally registered in the United States, whether it be a DeFi or DAO protocol.