The US Congress recently held its first hearing on Decentralized Finance (DeFi), evaluating its potential benefits and hazards.
Republicans emphasized DeFi's innovation and the economic freedom it provides, arguing that it promotes financial inclusion and technological advancement.
On the other hand, Democrats expressed concerns about consumer protection, market integrity, and the potential risks of operating within an unregulated financial environment.
The discussion underscored stark partisan differences regarding the regulation and future of DeFi.
