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DeFi organizations urge the U.S. Congress to safeguard the rights of decentralization innovation and establish a technology-neutral regulatory framework.
[Coin World] On August 5 (UTC+8), the U.S. Congress entered its August recess, during which the Senate Banking Committee will review written feedback from various parties on its market structure legislative proposal. The DeFi Education Fund, in conjunction with several organizations, submitted a 22-page response letter calling for legislation to protect the rights of DeFi developers and non-custodial software, as well as self-custody users, and to establish a technology-neutral regulatory framework. The letter suggests including the "Blockchain Regulatory Certainty Act" and the "Keep Your Coins Act," clarifying the definition of "control" in decentralized networks to prevent regulatory uncertainty from hindering innovation.