DeFi projects like Synthetix and Chainlink are addressed in the Cryptocurrency Act of 2020

A recently surfaced bill called the “Cryptocurrency Act of 2020” aims to delegate regulators power over blockchain based currency, and doesn’t fail to mention recent DeFi innovations in the literature. Specifically, the bill classifies synthetic derivatives, like those used on Synthetix exchange, as cryptocurrencies. “synthetic derivatives that are determined by decentralized oracles or smart contracts;