Are you bored of hearing about FATF and regulations? It probably isn’t even on your radar right now. And let’s face it there are a thousand other entry points to this space that are just frankly, a lot more interesting. Thing is though, here at the Defiant we can’t afford to ignore it. For the…

Crypto traders are scrambling as news that Uniswap Labs is under investigation by the U.S. Securities and Exchange Commission roiled the DeFi industry Friday.   Uniswap, a powerhouse in the DeFi space with a token sporting a $29B market cap, suffered a sell-off in morning trading, with UNI dropping 2.5%, to $29.08, according to CoinGecko. The…

Top U.S. lawmakers and regulators are taking steps to tighten their grasp on cryptocurrencies, or advocating for greater control over digital assets. Here are the bills, speeches and charges issued by U.S. government representatives and agencies in the past week:  Infrastructure Bill — Proposed on Aug. 1, a major infrastructure bill awaiting the Senate’s final…

Taxing cryptocurrencies just picked up serious momentum, with potentially serious ramifications for DeFi.  The U.S. Senate’s $1 trillion infrastructure package now under consideration includes a provision that would tax transactions involving Bitcoin and its ilk to raise around $28 billion in funding. That means swapping Ethereum and other DeFi tokens may have to be recorded…

It’s that time of the year again. No, I don’t mean March Madness bracket busting, and I’m not talking about emerging from the depths of winter. That’s right, it’s the yearly time that we all get together and try to figure out how the heck we’re going to do our crypto taxes this year. And,…

DeFi is getting an unexpected and huge new backer: The Federal Reserve of St. Louis. “DeFi offers exciting opportunities and has the potential to create a truly open, transparent, and immutable financial infrastructure,” reads the latest report from one of the 12 regional Reserve Banks. The report cites  learnings from projects like Maker, Uniswap, Balancer,…

On the 18th December, The U.S. Financial Crimes Enforcement Network (FinCEN) released a proposed rule that would instill record keeping and reporting requirements for transactions by or to a bank or money service business involving an “unhosted or otherwise covered wallet.” The 15 day comment period to respond to this proposal ended with over 65K…