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CoinCenter, other advocacy groups condemn CANSEE bill for overreach on DeFi
CoinCenter, other advocacy groups condemn CANSEE bill for overreach on DeFi
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CoinCenter and other crypto advocacy groups have criticized a Senate bill that would impose strict regulations on individuals involved in decentralized finance (DeFi).
The bill in question is titled the Crypto-Asset National Security Enhancement and Enforcement Act (CANSEE). If put into law, it would make DeFi platform operators and major stakeholders responsible for illegal uses of their platforms.
That bipartisan bill was introduced on July 19 by Democratic senators Jack Reed and Mark Warner and Republican senators Mike Rounds and Mitt Romney.
Now, CoinCenter and its executive director Jerry Brito have criticized the proposal as “messy, arbitrary, and unconstitutional” in a July 20 statement.
CoinCenter warned that the bill would extend sanctions penalties and Bank Secrecy Act (BSA) obligations to individual developers. It added that the Secretary of the Treasury would have total authority in deciding who has control over any given protocol and said that proposed exemptions do not solve this issue. It also described potential overreach, such as possible enforcement against those who publish books containing code.
CoinCenter acknowledged the government’s desire to prosecute individuals involved in money laundering but otherwise described the bill as a “blanket ban,” “unconstitutional,” and “overbroad” due to a content-based approach that arguably restricts free speech.
Other groups have also commented
The Blockchain Association, meanwhile, published its own response to the CANSEE bill on July 19. The advocacy group and its CEO, Kristin Smith, asserted that illegal transactions represented just 0.24% of all crypto transactions in 2022 and argued that authorities have enough powers to enforce the law at present.
The group otherwise called the bill “unworkable” and “simply incompatible with digital asset technology.” It said that it supports other efforts that could prevent illegal activity — including amendments to a national defense bill that would specifically target crypto.
Elsewhere, Natalie Smolenski, senior fellow for the BTC Policy Institute, has stated: “They’re now trying to outlaw decentralization.”
The post CoinCenter, other advocacy groups condemn CANSEE bill for overreach on DeFi appeared first on CryptoSlate.
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☀️🌼🌿✨🧚🍂🎶 Soon after we can see, we are aware that we can also be seen. The eye of the other combines with our own eye to make it fully credible that we are part of the visible world. - ways of seeing . #waysofseeing #johnberger #beseen #cansee #aware #visibleworld #mediumisthemessage #look #howdoyoulook #personalityportraits #portraits #sketches #sketch #graphitesketch #frommysketchbook #sketchbook #dailypractice #art #artist #instaart #artistsofinstagram #artistperspective https://www.instagram.com/p/BzhzoMmlUvr/?igshid=1ujv7zkyjx5un
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AFA Nedelja inovacija će se održati u Beogradu od 20-24.05.2019.
New Post has been published on https://recepti-kuvar.rs/afa-nedelja-inovacija-ce-se-odrzati-u-beogradu-od-20-24-05-2019/?AFA+Nedelja+inovacija+%C4%87e+se+odr%C5%BEati+u+Beogradu+od+20-24.05.2019. Recepti+i+Kuvar+online
AFA Nedelja inovacija će se održati u Beogradu od 20-24.05.2019.
AFA Nedelja inovacija će se održati i ove godine u Beogradu od 20-24.05. a tema će biti „Kako inovacije doprinose razvoju ekonomije i društva“ sa posebnim fokusom na pronalaženje ravnoteže između ekonomskog rasta i rešavanja društvenih i ekoloških izazova i izgradnji društva jednakih mogućnosti.
AFA Nedelja inovacija svake godine predstavlja aktuelne trendove u inovacijama iz svih oblasti kroz uključivanje svih domaćih potencijala. Novina ove godine su AFA nagrade za inovacije. Poziv je otvoren za sve zainteresovane koji žele da predstave svoje projekte i ideje, od kompanija i startapova, do instituta i NGO sektora, kao i pojedinaca. Rok je 15. maj za sve koji žele da konkurišu za godišnje nagrade za inovacije i tri granprija za najinovativniju kompaniju, instituciju i pojedinca, kao i specijalne nagrade za doprinose i inicijative u oblasti inovacija. Na ovogodišnjoj Nedelji inovacija novitet je i teenage stage gde će imati prilike da se predstave najmlađi inovatori i kreativci iz cele Srbije. AFA Nedelju inovacija je i ove godine podržao Nenad Popović, ministar za inovacije i tehnološki razvoj Republike Srbije kao i brojne ambasade zemalja koje su lideri u inovacijama poput Švedske, Švajcarske, Izraela, Kanade, Australije i Finske čiji će ambasadori aktivno učestvovati u radu konferencije i podeliti svoja iskustva. Partneri na projektu su i Kanadsko-srpsko poslovno udruženje (CANSEE) i Impact hub, a na Nedelji inovacije će učestvovati i predstavnici inicijative Digitalna Srbija, Blockchain inicijativa, SPK Privrednik i mnogi drugi.
Nedelja inovacija će okupiti inovatore, pronalazače, korporativne lidere, predstavnike startup zajednice, naučnih institucija, vlade, investitore koji će diskutovati o najnovijim trendovima i inovacijama u nauci, tehnologiji, dizajnu, kreativnosti, I&R i razvoju novih proizvoda i usluga. Gosti Nedelje inovacija 2019 će biti renomirani inostrani stručnjaci koji će podelili znanje i informacije i omogućiti nam da uhvatimo svetski razvojni trend u globalnoj tehnološkoj i ekonomskoj arhitekturi sa posebnim osvrtom na etičke, moralne, pravne i političke posledice korišćenja tehnologija.
Više informacija možete pronaći na sajtu Nedelje inovacija https://iw.afa.co.rs/sr/
Saopštenje za medije: Vanja Kovačev, Nord Communications
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