The US Securities and Exchange Commission (SEC) met to open public remarks again on its proposition to grow the meaning of an “exchange,” explaining that its current standards on trades additionally apply to decentralized cryptocurrency platforms. Finance regulator targets decentralized finance to ease regulation of crypto firms’ operations After crypto firms criticized the plan as vague and aimed at attracting decentralized finance platforms, or DeFi platforms, that would otherwise not be subject to the regulator’s oversight. Users of DeFi-platforms are able to lend, borrow, and save in digital assets without having to go through traditional financial gatekeepers like banks and
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