Nic Carter, the founding partner of Castle Island Ventures and the founder of Coin Metrics, indicated that the "DeFi slaughter" encryption law circulated in Congress was likely to have died when it arrived.

In a new policy article on cryptocurrency lending, Carter indicated that FTX encouraged laws lost their allure after the collapse of the trading center.

Sam Bankman Fried, founder of FTX, applies the legal language expression of "it is very likely to stipulate" that the decentralized financial service platform obtains the business license and new user registration.

However, Carter said that Bankman Fried's corporate vision now seems to be hopeless, partly because this bankrupt encryption enterprise no longer has the basis for persuaders to promote the law.

"About the dreaded Digital Consumer Protection Act (DCCPA): I heard it died.

Congressman Boozeman indicated that he would make persistent efforts, but there was little opportunity for the House of Representatives of the Republican Committee led by Glenn Thompson to promote this plan. FTX lobbyists are gone. There is no traction belt DC anymore. "

Carter indicated that it would be good luck for the encryption industry for the Republican Party to take over the House of Representatives.

"The key is that American Congressman Emmer (the first good friend of cryptographic algorithms in the House of Representatives) is competing for Whip. If he gets this, he hopes that the agenda arrangement for applying cryptographic algorithms will have good results. Emmer has been vigorously promoting Gary Gensler, the current chairman of the SEC.

In most of the most important House Financial Information Services Federation, U.S. Congressman Michael Burt will succeed Maxine Walters. McHenry is an authoritative encryption expert who has always been critical of Gensler.

Crucially, the Republican House of Representatives has the right to subpoena in the court, which can be used to investigate Gensler's FTX contacts. It is said that there are many conspiracies in the truth business between SEC and FTX, allowing them to move to China and get amnesty. "

Carter indicated that with the change of the balance of power in Congress, other applicable cryptocurrency laws encouraged by the Republican Party, such as eliminating the security classification of the initial token project, and dealing with the anxiety of the Central Bank's digital currency (CBDC), may be emerging.

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