[U.S. Crypto Legislation Discussions Stalled, Industry Strongly Opposes] Discussions on the Responsible Financial Innovation Act (RFIA) by the U.S. Senate Banking Committee have stalled due to a counterproposal submitted by Democrats. The proposal imposes strict restrictions on decentralized finance (DeFi) protocols, sparking strong opposition from the blockchain industry. The CEO of the Blockchain Association warned that this move would hinder the development of decentralized applications, while the legal officer of investment fund Variant criticized the proposal as unconstitutional. Currently, Democrats and Republicans are blaming each other over amendments to the bill, and negotiations have been suspended.