SEC targets DeFi in vote to revisit proposal concerning the definition of ‘exchange’
“It seems perverse to me that we would be encouraging centralization,” said SEC Commissioner Hester Peirce prior to a vote on the proposal.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
“It seems perverse to me that we would be encouraging centralization,” said SEC Commissioner Hester Peirce prior to a vote on the proposal.
Why this matters
This blockchain story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
A DeFi giant that once held $3 billion is now proposing to wind itself down
DeFi platform Balancer is proposing an orderly shutdown after a cost-cutting overhaul failed to revive revenue following last year...
DeFi stalwart Balancer mulls shutdown after $130M hack
Once a household name in the DeFi sector, decentralized exchange Balancer is considering calling it quits. In a proposal posted to...
DeFi governance gap allows one wallet to request 98% of Ampleforth treasury’s USDC balance
Ampleforth, a DeFi protocol governed by FORTH token holders, saw Proposal 54 canceled on-chain before its voting window opened. Th...
Balancer Proposes $9M Treasury Wind-Down After V3 Fails to Restore DeFi Revenue Growth
Key Takeaways: Marcus Hardt, CEO of Balancer, suggested an orderly winddown given the lack of revenue generation from the restruct...
Coinbase CEO Targets $70T US Stocks With Fully Backed Tokenized Equities Push
Key Takeaways: Coinbase CEO Brian Armstrong claims that the exchange’s token stocks represent actual securitie, and not synthetic...
Aave V4 proposal would put DAO funds first in line to absorb lending losses
Aave V4 lenders supplying wrapped Ether (WETH), USDC or USDT to its Core liquidity Hub on Ethereum would receive a bad-debt backst...