The CANSEE Act of 2023 What happened? On Wednesday, Senators Mark Warner (D-VA), Jack Reed (D-RI), Mike Rounds (R-SD), and Mitt Romney (R-UT) introduced the Crypto-Asset National Security Enhancement Act of 2023 (CANSEE Act), a bill that would effectively ban DeFi development in the United States by creating a Catch-22: centralize, or face criminal consequences.
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CANSEE Act of 2023; Financial Innovation and…
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The CANSEE Act of 2023 What happened? On Wednesday, Senators Mark Warner (D-VA), Jack Reed (D-RI), Mike Rounds (R-SD), and Mitt Romney (R-UT) introduced the Crypto-Asset National Security Enhancement Act of 2023 (CANSEE Act), a bill that would effectively ban DeFi development in the United States by creating a Catch-22: centralize, or face criminal consequences.