The Crypto Lobby Group Defense Education Fund has called for a reconsideration of the US Senate Banking Committee how it is a plan to regulate the decentralized finance industry after reviewing the recently published discussion on a major Crypto market structure bill.
The response signed by members of the Defi Education Fund (Def) including A16Z Crypto, Uniswap Labs, and Paradigm said that the financial innovation act responsible for the 2025 (RFA) bill should be prepared in a more technical innovation manner, that Crito Developers should be prevented “improper regulation.
Vidhan should “address illegal finance but incorrectly did not put a burden on Defee Innovation,” it was added on Friday Letter Senate Banking Committee Chairman Tim Scott and Senator Synthia Lumis, Bill Hagranty and Katie Britt addressed.
Senate Banking Committee welcomed the response
The Banking Committee requested a response to the draft of discussion to help create a 2025 Digital Asset Market Clarity Act to promote innovation in the $ 141 billion DEFI industry without compromising consumer security or financial stability.
Crypto gives a top priority to the deity
The DEF also asked the MPs to update Finnken guidance in the light of Tornado Cash Developer Roman Storm.
“The rule must reflect the technique that includes completely non-custodial, non-controlled software, not regulated as a financial institution or financial intermediary.”
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The Crypto Lobby Group also asked for federal presence of state laws to ensure frequent security for nationwide crypto developers.
The DEF argued that well-revived traditional financial institutions can take advantage of the fragmented regulatory landscape by funding or encouraged state-level enforcement operations against DEFI developers-not for safety of consumers, but to reduce competition, “
A16Z Crypto made his submission
The Crypto Arm of A16Z Crypto, Tech-Centenary Enterprise Capital firm A16Z, also presented a separate response to the Senate Banking Committee on Thursday.
The main criticism of the A16Z of the Crypto Bill Draft is that this is the risk of reducing safety by creating dangerous flaws – especially through its treatment of “supportive property”.
The firm argues that re -defying these assets without major changes is incompatible with the existing American securities law, especially the Howe test. This warns that the proposal may allow internal sources to take advantage of discounts and dump tokens without exemption.
A16Z instead advocates a “digital commodity” model with clear decentralization requirements.
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