DeFi sees ‘bad’ crypto bill’s collapse as win, not setback

This week, the latest effort to establish a comprehensive U.S. crypto market structure framework hit a snag. However, DeFi leaders do not seem alarmed by the collapse, viewing it as a win instead of a setback. The failure of this bill highlights many challenges facing the crypto industry but is seen as an opportunity for the DeFi ecosystem to safeguard market freedoms. Industry participants anticipate that even amid increasing regulation, innovation will continue and new projects will launch. The turbulence in the crypto asset market is pushing investors and developers to seek new avenues for innovation. The growth of DeFi is expected to create new opportunities as it increasingly integrates with traditional financial systems. Observing whether this trend continues and how DeFi evolves will be crucial going forward.