‘DeFi-Killing’ Crypto Law Appears To Be Dead on Arrival, According to Castle Island Ventures Founder Nic Carter

‘DeFi-Killing’ Crypto Law Appears To Be Dead on Arrival, According to Castle Island Ventures Founder Nic Carter


Castle Island Ventures founding partner and Coin Metrics co-founder Nic Carter says the so-called “DeFi killing” crypto bill circulating through Congress is likely dead on arrival.

In a new political thread on the state of crypto, Carter says the bill has lost its muster after the collapse of FTX.

Disgraced FTX founder Sam Bankman-Fried said he backed legislative language that would “potentially require” decentralized finance platforms to attain operating licenses and user registrations.

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But Carter says Bankman-Fried’s vision now appears to be toast, in part because the bankrupt crypto firm no longer has lobbyists to push for the bill’s passage.

“On the dreaded Digital Commodities Consumer Protection Act (DCCPA): hearing it’s dead.

Sen Boozeman said they will continue to pursue it, but virtually no

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