According to ChainCatcher, Coinbase CEO Brian Armstrong posted on the X platform that he would absolutely not accept the US Senate Democratic DeFi regulatory proposal. This is a bad proposal that will simply hinder innovation and prevent the United States from becoming the world's crypto capital.
Brian Armstrong also forwarded a statement from Summer Mersinger, CEO of the Blockchain Association, which stated that the US Democratic Party’s DeFi regulatory proposal is simply impossible to comply with and will actually completely ban decentralized finance, wallet development and other applications in the United States.
