SEC's proposed rule on exchanges could threaten DeFi, says Crypto Mom
“The proposal includes very expansive language, which, together with the chair’s apparent interest in regulating all things crypto, suggests that it could be used to regulate crypto platforms,” said Hester Peirce. Hester Peirce, a commissioner for the U.S. Securities and Exchange Commission known by many in the space as Crypto Mom, is warning that a proposed rule from the agency could potentially affect the regulation of firms involved with decentralized finance.According to a Tuesday Bloomberg report, Peirce said that the 654-page proposal recently released by the SEC to amend the....
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