The DCCPA greatly threatens DeFi innovation.
The proposed bill:
- gives CFTC new powers to regulate spot markets
- forces human intermediation
- forces projects to sacrifice decentralization
It favors centralized incumbents and kills startups.
Alliance opposes the DCCPA. 🧵
@opensea@garyvee@icy_tools@mobyinsights open sea has a feature where you can "sell" into someones wallet, some people are using it for malicious intent to trick wallet trackers into following in and buying their bags. Trade with Caution.
#NFTs#Crypto
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