The US Securities and Exchange Commission (SEC) has decided to strengthen its control over the decentralized finance (DeFi) market and will require platforms to register with the regulator.
The SEC will issue licenses to exchanges that process digital assets classified as securities.
Last week, the SEC head Gary Gensler reiterated that the SEC would protect investors. Particular attention should be paid to increasing the transparency of platforms representing the DeFi industry, while fellow “Cryptom Mom” Hester Peirce has expressed regret over the SEC’s decision, accusing them of slowing down the blockchain industry and hindering innovation.
