ExchangeDEX+

Buy Crypto Markets Spot FuturesGOLD Earn Event Center

Coinbase CEO Brian Armstrong slammed a Senate Democratic proposal that would regulate DeFi front-ends as brokers, calling it a “bad proposal” that threatens U.S. crypto innovation. “We absolutely won’t accept this,” Armstrong declared in a post on X, warning that…Coinbase CEO Brian Armstrong slammed a Senate Democratic proposal that would regulate DeFi front-ends as brokers, calling it a “bad proposal” that threatens U.S. crypto innovation. “We absolutely won’t accept this,” Armstrong declared in a post on X, warning that…

Coinbase CEO blasts senate plan on DeFi

Author: Crypto.news

Source: Crypto.news

2025/10/10 20:18

DEFI$0.000468-2.29%

BAD$0.00000000123+2.50%

U$0.002662+9.36%

T$0.009357+1.00%

Coinbase CEO Brian Armstrong slammed a Senate Democratic proposal that would regulate DeFi front-ends as brokers, calling it a “bad proposal” that threatens U.S. crypto innovation.

Summary

Coinbase CEO Brian Armstrong criticized a Senate Democratic proposal to regulate DeFi front-ends as brokers, saying it would hinder U.S. crypto innovation.
Other crypto advocates echoed the concern, warning the plan could effectively ban DeFi development in the U.S.

“We absolutely won’t accept this,” Armstrong declared in a post on X, warning that the proposal would hinder innovation and prevent U.S. from becoming the crypto capital of the world. However, he acknowledged that the “legislating is a process” and said that Coinbase is committed to working with lawmakers to “get it right.”

For context, the proposed framework, reportedly circulated among Senate Democrats, outlines how regulators could oversee decentralized finance as part of broader crypto market structure legislation.

According to reporting from Politico, the document suggests that any company or individual profiting from a DeFi platform’s front end (e.g. wallet interfaces and user-facing apps) should be required to register with the Securities and Exchange Commission or the Commodity Futures Trading Commission and operate as a licensed broker.

Armstrong isn’t alone in his criticism. Summer Mersinger, CEO of the Blockchain Association and former CFTC commissioner, said the proposal would “effectively ban decentralized finance, wallet development and other applications in the United States.”

“The language as written is impossible to comply with and would drive responsible development overseas,” Mersinger said in a statement. She urged policymakers to continue bipartisan talks and avoid stifling technological progress.

Jake Chervinsky, chief legal officer at venture firm Variant, echoed the sentiment on X, saying that regulators were effectively proposing a crypto ban.

Market Opportunity

DeFi Price(DEFI)

$0.000468

$0.000468$0.000468

-2.50%

USD

DeFi (DEFI) Live Price Chart

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

The post Disney Pockets $2.2 Billion For Filming Outside America appeared on BitcoinEthereumNews.com. Disney has made $2.2 billion from filming productions like ‘Avengers: Endgame’ in the U.K. ©Marvel Studios 2018 Disney has been handed $2.2 billion by the government of the United Kingdom over the past 15 years in return for filming movies and streaming shows in the country according to analysis of more than 400 company filings Disney is believed to be the biggest single beneficiary of the Audio-Visual Expenditure Credit (AVEC) in the U.K. which gives studios a cash reimbursement of up to 25.5% of the money they spend there. The generous fiscal incentives have attracted all of the major Hollywood studios to the U.K. and the country has reeled in the returns from it. Data from the British Film Institute (BFI) shows that foreign studios contributed around 87% of the $2.2 billion (£1.6 billion) spent on making films in the U.K. last year. It is a 7.6% increase on the sum spent in 2019 and is in stark contrast to the picture in the United States. According to permit issuing office FilmLA, the number of on-location shooting days in Los Angeles fell 35.7% from 2019 to 2024 making it the second-least productive year since 1995 aside from 2020 when it was the height of the pandemic. The outlook hasn’t improved since then with FilmLA’s latest data showing that between April and June this year there was a 6.2% drop in shooting days on the same period a year ago. It followed a 22.4% decline in the first quarter with FilmLA noting that “each drop reflected the impact of global production cutbacks and California’s ongoing loss of work to rival territories.” The one-two punch of the pandemic followed by the 2023 SAG-AFTRA strikes put Hollywood on the ropes just as the U.K. began drafting a plan to improve its fiscal incentives…

BitcoinEthereumNews

2025/09/18 07:20

$Zhao Changpeng, speaking at Davos, stated that the fractional-reserve requirement system is the root cause of the banking liquidity crisis, and that demand from real-economy banks will sharply decline$