The Defiant
DeFi Daily

🏦Treasury Says Most DeFi Protocols Should Be Considered Financial Institutions

GM Defiers! The US Treasury Department says the growing use of cryptocurrency to pay for goods and services is a threat to government attempts to limit money laundering, and argues that most DeFi protocols should be regulated as financial institutions. Layer 2 network Arbitrum is attempting to salvage this week’s governance debacle with a set…