Leaked draft of the Digital Commodities Consumer Protection Act (DCCPA) has mixed reactions + All the Web3 news you missed this week
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This week, A leaked draft of the Digital Commodities Consumer Protection Act (DCCPA) has earned both approval and concern from members of the crypto community. While FTX CEO Sam Bankman-Fried has commented that the bill appears to protect consumers without hurting DeFi, Alliance DAO has said that it threatens DeFi innovation and sacrifices decentralization. As regulatory pressure heats up, its unclear if there is an obviously unified position for the crypto industry. I suspect there will be a push and pull between various stakeholders striving for different versions of an ideal Web3. Without a unified front, there are surely alliances to be formed to push forward different agendas on the policy front - possibly leading to regulatory whiplash in the coming months.
Leaked draft of the Digital Commodities Consumer Protection Act (DCCPA) has mixed reactions + All the Web3 news you missed this week
Leaked draft of the Digital Commodities…
Leaked draft of the Digital Commodities Consumer Protection Act (DCCPA) has mixed reactions + All the Web3 news you missed this week
This week, A leaked draft of the Digital Commodities Consumer Protection Act (DCCPA) has earned both approval and concern from members of the crypto community. While FTX CEO Sam Bankman-Fried has commented that the bill appears to protect consumers without hurting DeFi, Alliance DAO has said that it threatens DeFi innovation and sacrifices decentralization. As regulatory pressure heats up, its unclear if there is an obviously unified position for the crypto industry. I suspect there will be a push and pull between various stakeholders striving for different versions of an ideal Web3. Without a unified front, there are surely alliances to be formed to push forward different agendas on the policy front - possibly leading to regulatory whiplash in the coming months.