2 years ago
U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce has warned that plans by the bureau to betterment authorities securities trading could endanger decentralized concern (DeFi).
Affectionately referred to arsenic "Crypto Mom" for her longstanding enactment for the industry, Peirce believes a caller SEC 654-page program designed to adhd oversight to trading authorities securities could besides let caller powers to scrutinize DeFi platforms.
The new rules projected by the SEC are designed to unit platforms not registered arsenic exchanges that inactive woody successful the trading of each types of securities to registry arsenic "communication protocol systems."
“The connection includes precise expansive language, which, unneurotic with the chair’s evident involvement successful regulating each things crypto, suggests that it could beryllium utilized to modulate crypto platforms,” Peirce said successful an e-mailed statement, according to a Bloomberg study Tuesday.
“The connection could scope much types of trading mechanisms, including perchance DeFi protocols," Peirce wrote.
SEC Chair Gary Gensler has said previously that DeFi is not immune from oversight by the markets regulator, since projects that reward participants with incentives oregon integer tokens could participate into territory that is taxable to SEC regulation.
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Jamie Crawley is simply a CoinDesk quality newsman based successful London.
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