On August 5 (UTC+8), with the recess of the U.S. Congress, the Senate Banking Committee began reviewing the written comments on its bill for the market structure.

Various organizations, including the DeFi Education Fund, a16z Crypto, Uniswap, Jump Crypto, and Paradigm, submitted a joint 22-page letter. In it, they advocate for the protection of the rights of DeFi developers, non-custodial software, and self-custody users. They also request a technology-neutral regulatory framework.

The letter suggests the inclusion of two legislative proposals: the "Blockchain Regulatory Certainty Act" and the "Keep Your Coins Act". The goal is to more clearly define the concept of "control" in decentralized networks, avoiding the risk that regulatory ambiguity hinders innovation in the sector.

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