Regulating DeFi like a bank

would be the outcome of a US Senate bill, according to CoinDesk. About a one minute read.

Comment: unlikely to be passed as is, but a couple points arise. First, this indicates the mindset of some American politicians; they don’t understand the protocol so can’t propose anything other than what they already know. Second, it’s not clear who would be responsible, DeFi is, by definition decentralised and autonomous. How would this regulation be actioned?