The self proclaimed savior of DeFi and the crypto industry Sam Bankman Fried (SBF) (https://bitcoinmagazine.com/business/ftx-buys-blockfi-but-passes-on-acquiring-celsius) and his exchange FTX are actively lobbying and spending money to push a proposal called the “Digital Commodities Consumer Protection Act” thru US congress that may force DeFi protocols to operate like centralized exchanges.
SBF pushes to create a federal BitLicense in the United States. This would make decentralized & peer to peer transactions ILLEGAL.
Not only should the proposal be call the “FTX Digital Commodities Protection Act”, but it also shows the true nature of FTX and the much hyped SBF - both act as toxic players in the cryptoverse recently.
Not to forget: FTX is also financed by incumbents - https://www.ledgerinsights.com/blackrock-funds-temasek-tiger-invest-another-420m-in-ftx-crypto-exchange-at-25-billion-valuation/
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