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U.S. Treasury Explores Digital ID in DeFi with Public Consultation
Key Points:
- U.S. Treasury's consultation on digital ID in DeFi smart contracts through the GENIUS Act.
- Move impacts DeFi compliance strategies significantly.
- No major DeFi protocol responses reported yet.
The U.S. Treasury has initiated a public consultation to integrate digital identity checks in DeFi smart contracts under the GENIUS Act, aiming to counter illegal financial activities by October 2025.
Red Again?
I have always loved to call communism the most honest form of democracy, not in the models practiced by any particular nation, nor in the doctrines of any single leader, but in the simple, profound
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