DeFi, Bitcoin & Ethereum – American Wrap 19 July
The US Senate has been busy preparing legislation to increase regulatory scrutiny of crypto providers. This includes an amendment to a new bill set to go before the Senate with a focus on Anti-Money Laundering (AML) and a bill that imposes the same regulatory demands on DeFi as those faced by mainstream financial institutions, including DeFi investors of over $25 million US Dollars being saddled with new obligations and responsibilities.
The United States Securities and Exchange Commission (SEC) has traders on the edge of their seats with the latest move to add eight names to the Federal Register, comprising BlackRock and Fidelity, among six others, which submitted their spot Bitcoin ETF filings.
Solana labs announced the launch of its new compiler, Solang. The developers behind the project are keen on attracting developers from the Ethereum ecosystem. The introduction of Solang could catalyze SOL price recovery.