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SEC Chair Gary Gensler has reiterated his intent to regulate decentralized finance (DeFi) and cryptocurrency trading platforms, including Coinbase, by redefining what constitutes an 'exchange'. In a speech on Thursday, Gensler emphasized the need to close regulatory gaps and protect investors. The proposed changes aim to bring DeFi and trading platforms under the SEC's purview. This move, however, has sparked concerns within the crypto community about potential overreach and the impact on innovation in the sector.
😬 ⚖️ Gary Gensler Reiterates in Speech That Coinbase, DeFi Should Be Defined as ‘Exchanges’ Is regulation coming? 👀 Click to read 👇 https://t.co/2m2GfBzo9G
On Thursday, SEC chair Gary Gensler gave a speech that again signaled his intent for the SEC to regulate DeFi. https://t.co/B92yg5bpBE
Gensler’s Exchange Redefinition: A Crypto Crossroad? SEC’s Gensler is rolling out new definitions for exchanges and dealers—he wants every crypto platform under the SEC’s roof. Sure, it’s about “protecting investors” and closing those so-called gaps, but the bigger play? More… https://t.co/DsTZV6heAZ
