[Democratic Party's DeFi Regulation Proposal Faces Criticism] The U.S. Senate Democrats have introduced a regulatory proposal targeting illegal activities in DeFi, requiring an assessment of the decentralization level of protocols and treating DeFi front-end service developers as intermediaries. The proposal has faced criticism from Republican lawmakers and the crypto industry, who argue that it could restrict DeFi and wallet development, forcing developers to move overseas. A Republican spokesperson stated that the proposal is confusing and difficult to advance legislatively. Experts suggest that the final bill will require partial support from Democrats and coordination with the House of Representatives.