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U.S. Senators introduce a bill requiring KYC checks for DeFi platforms and crypto ATMs
Digital assets continue to be one area where United States politicians have managed to set aside their differences to craft legislation as a group of Senators has introduced a bipartisan bill that could have significant ramifications for anonymity in decentralized finance (DeFi). Senator Jack Reeds (D-RI) is the sponsor of the Crypto Asset National Security Enhancement Act of 2023, which was read on the Senate floor Tuesday evening. Co-sponsors of the bill include Senators Mark Warner (D-VA), Mike Rounds (R-SD), and Mitt Romney (R-UT). According to a draft copy of the bill seen by Kitco Crypto, the legislation seeks ... (full story)