From a #crypto perspective I agree that we don’t need regulations but regulators are going to regulate sooner or later because that’s what they do.

Where do you see that Uniswap would need to comply with AML regulations? As far as I can tell the bill indicates the opposite as it excludes #DeFi from registration.

On Satoshi, I’m not sure he would have had to register with the SEC. At least, at the point where he held less than 20% of the #Bitcoin supply, the network would have been considered decentralized and the SEC would have had 60 days to demonstrate the opposite or Bitcoin would become a digital commodities.

I don’t really know how this thing is going to play out in practice (if the bill becomes law which it hasn’t yet) considering that crypto is greatly borderless.

Again, I’m not particularly in favor of those regulations but they will happen and this one doesn’t seem too bad there are certainly still a lot of unknown especially on the treatment of stablecoins. I would say the positive of the bill is for US devs that would have much greater clarity.