Founder of Uniswap: The FIT21 bill recognizes that CeFi and DeFi are fundamentally different and need to be studied and treated differently

Golden Finance reported that Uniswap founder Hayden Adams tweeted that this week the U.S. House of Representatives plans to vote on the FIT21 bill, a bipartisan bill aimed at regulating CeFi to prevent another FTX. The bill’s point about DeFi is that as far as decentralized finance is concerned, no one is bound by this bill, and it also proposes research on DeFi, similar to Europe’s research on MiCA. Congress recognizing that CeFi and DeFi are fundamentally different and need to be studied and treated differently is a big deal and a clear step in the right direction for the United States. Golden Finance previously reported that about 50 organizations and companies, including Coinbase and a16z, wrote to the U.S. House of Representatives to support the FIT21 bill.