The Defi Education Fund provides advice to the Senate in the Bill of the Curdry Market Law star-news.press/wp

The Crypto Lobby Group Defi Fund called on the US Senate Banking Committee to rethink how to plan to regulate the decentralized financing industry after reviewing the recently published discussion draft on the main market structure bill.

The response, signed on behalf of the members of the DEFI Education Fund (Def) including the A16z Crypto, the Uniswap Labs, and the model, said that the RFA’s financial creativity law (RFA) must scream in a more useful way.

He added on Friday that the legislation “addresses illegal financing, but not the burden of innovation is not fair” letter Addressed to the Chairman of the Senate Banking Committee, Tim Scott, Senator Sinatia Lomes, Bell Hajari and Katie Brett.

The Senate Banking Committee welcomed the comments

The Banking Committee requested notes on a draft discussion to help ensure the construction of the 2025 digital assets market law to enhance innovation in the DEFI industry of $ 141 billion without prejudice to consumer protection or financial stability.

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DEF also asked legislators to update FinCen in light of the Tornado Cash Roman Storm.

“The status of the rules must reflect that technology, which consists only of non -trustee programs, will not be organized as a financial institution or a financial mediator.”

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The Lobby Group also called for the Federal enjoyment of state laws to ensure consistent protection of the country’s encryption developers.

“The well-compatible traditional financial institutions may take advantage of the fragmented organizational scene by financing or encouraging state enforcement procedures at the state level against Defi-developers not to protect consumers, but to strangle competition,” Def said in saying that federal law should anticipate conflicting government regulations.

A16z Crypto has made its own introduction

The A16z Crypto, the encryption arm of the A16Z investment capital, also provided a separate response to the Senate Banking Committee on Thursday.

The main criticism of the A16Z of the draft encryption bill is that it risks undermining the protection of investors by creating dangerous gaps – especially through his treatment of “auxiliary assets”.

The company argues that redefining these assets without major changes is not compatible with the current US Securities Law, especially the Howe Test. It warns that the proposal can allow the families to exploit exemptions and empty the symbols on the public without organizational supervision.

A16Z instead calls for a “digital commodity” model with clear decentralization requirements.

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