A new US law wants to regulate DeFi. It is called the Crypto-Asset National Security Enhancement Act of 2023 ( CANSEE ) .

The law reached the US Senate yesterday and was created through the cooperation of members of the Democratic and Republican parties. Democrat Mark Warner, his party colleague Jack Reed and Republicans Mike Rounds and Mitt Romney were in charge.

The aim of the proposed law is to oblige DeFi protocols to take central positions from which they can gain control over their own operations and the funds used.

So, decentralized DeFi protocols are meant to adopt the way centralized banks work, without there being a real middleman. The idea of ​​the law contradicts the principles of DeFi. The decentralized financial system explicitly wants to do without middlemen or central authorities in order to rule out censorship, manipulation and external control.