Fear of the unknown: A tale of the SEC’s crusade against synthetics

Fear of the unknown: A tale of the SEC’s crusade against synthetics

DeFi built on blockchain and legacy financial systems is on the verge of clashing in one of the most tumultuous battles in economic history. On the opening day of Messari Mainnet 2021, New York City’s long-awaited first crypto conference since the start of COVID-19, reports came blazing in via a viral tweet that the United States Securities and Exchange Commission had served a subpoena to an event panelist at the top of an escalator in broad daylight. While it’s still not entirely clear who was served (or why), this isn’t the first time the SEC has encroached upon the crypto industry in....


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