Article Summary

**Coinbase CEO Slams US Senate DeFi Regulatory Proposal as Innovation Killer** Coinbase Chief Executive Officer has publicly condemned the US Senate's proposed decentralized finance (DeFi) regulations, warning they could severely damage cryptocurrency innovation and blockchain development. The crypto exchange leader's opposition highlights growing tensions between traditional financial regulators and the rapidly expanding DeFi ecosystem. The regulatory proposal targeting decentralized finance protocols has sparked widespread concern across the cryptocurrency industry, with market participants fearing increased compliance burdens could stifle innovation. DeFi platforms, which enable peer-to-peer financial transactions without traditional intermediaries, have become increasingly popular among Bitcoin and cryptocurrency investors seeking higher yields and financial autonomy. This latest regulatory pushback could impact cryptocurrency market sentiment and potentially influence Bitcoin prices and altcoin valuations. The debate underscores the ongoing struggle between maintaining financial oversight and preserving the innovative spirit that drives blockchain technology advancement. As regulatory uncertainty continues, cryptocurrency traders and DeFi protocol users are closely monitoring developments that could reshape the digital asset landscape. The outcome may determine whether the United States remains competitive in the global cryptocurrency and blockchain innovation race.