Republican lawmakers, led by Sen. Ted Cruz and Rep. Mike Carey, are advocating for the repeal of a tax-compliance rule that requires DeFi platforms to report transactions to the IRS. They argue that this rule imposes undue burdens on companies and exceeds congressional intent.
Synthetix has acquired Kwenta, aiming to regain front-end control and unify strategic goals within its ecosystem. This move is intended to streamline product development and enhance alignment across the platform.
Global financial regulators have released new guidelines for decentralized finance platforms, aiming to increase consumer protection and reduce risks. The guidelines focus on KYC (Know Your Customer), anti-money laundering (AML) compliance, and protocol audits. While some in the crypto community see this as a threat to DeFi’s open nature, others believe it’s a step toward … Read more
In a surprising move, several traditional banks are exploring decentralized finance by partnering with blockchain startups. These collaborations aim to offer customers access to DeFi services such as lending, borrowing, and yield farming—all while maintaining regulatory compliance. Banks are leveraging private blockchain networks to ensure security and transparency. Key Players: Industry Impact: This could be … Read more
The decentralized finance (DeFi) market has reached a new milestone, with the total value locked (TVL) surpassing $300 billion. The surge is driven by growing investor confidence, new protocols, and improved security measures. Major DeFi platforms like Aave, Uniswap, and Curve have seen significant inflows, while emerging Layer 2 solutions contribute to scalability and faster … Read more