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DeFi Lobby Urges Senate to Block Crypto Bill Amendments That Could Stifle Innovation

DeFi Lobby Urges Senate to Block Crypto Bill Amendments That Could Stifle Innovation

Author:

Global Cryptocurrency

Published:

2026-01-14 22:48:01

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BTCCSquare news:

The DeFi Education Fund has sounded alarms over proposed amendments to the Senate Banking Committee's crypto market structure bill, warning they could cripple decentralized finance development. The group specifically flagged Amendment #42, which would empower the Treasury to blacklist smart contracts, and Amendment #45's new BSA classification for digital assets.

Software developers face particular risk under Amendment #47, which removes protections against prosecution for unlicensed money transmission. The advocacy group's social media campaign frames these changes as existential threats to the $50B DeFi ecosystem at a time when Ethereum-based projects like Lido and Uniswap dominate TVL metrics.

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