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DeFi is different. We have all acknowledged this for years, but having @RepFrenchHill acknowledge this in the halls of Congress is historic. Thank you to all of our advocates in DC. 💟 cc @fund_defi
17.7. klo 21.57
A few moments ago on the House Floor, @RepFrenchHill acknowledged that "decentralized finance or DeFi developers do not take custody of user assets, nor do they control user assets. Therefore, we should not treat them in the same way we treat centralized actors who do have custody, who do have control over assets."
Thank you Chair Hill for recognizing DeFi's unique characteristics.
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