tldr; US Securities and Exchange Commission Chairman Gary Gensler has said that the agency could regulate decentralized finance (DeFi) projects. DeFi projects that reward participants with valuable tokens or similar incentives could be regulated, no matter how “decentralized” they say they are, he added. “There’s some incentive structure for those promoters and sponsors in the middle of this,” he said.
This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
tldr; US Securities and Trade Fee Chairman Gary Gensler has stated that the company might regulate decentralized finance (DeFi) tasks. DeFi tasks that reward contributors with precious tokens or related incentives might be regulated, irrespective of how “decentralized” they are saying they’re, he added. “There’s some incentive construction for these promoters and sponsors in the course of this,” he stated.
This abstract is auto generated by a bot and never meant to exchange studying the unique article. As at all times, DYOR.
