DeFi sees 'bad' crypto bill's collapse as win, not setback

Source: CryptoNewsNet Original Title: DeFi sees ‘bad’ crypto bill’s collapse as win, not setback Original Link: The latest push to establish a comprehensive U.S. crypto market structure framework hit a snag this week after a major exchange withdrew its support a few hours before lawmakers canceled the hearing that could advance the bill. The setback has reignited debate across the industry, particularly within decentralized finance (DeFi), where some see the pause less as a defeat and more as an opportunity to reset the conversation.

DeFi leaders have begun weighing in on what comes next. Mike Silagadze, founder of Ether.fi, said he isn’t alarmed by the delay, arguing that the bill in its current form would have done more harm than good.

“I’m not too worried about it — I actually think it’s positive, because the bill as it stood was very bad for crypto,” Silagadze said. He added that the proposal would have restricted yield on holding stablecoins and imposed significant limits on DeFi, but expects “a better version will eventually come back to the table.”