Summary
The U.S. Securities and Exchange Commission (SEC) has approved a rule expansion that could bring decentralized finance (DeFi) platforms under its oversight. The new rule, known as the “dealer” rule, aims to regulate digital asset transactions that involve intermediaries or “dealers.” This move by the SEC signals its intention to bring DeFi platforms under its regulatory framework, potentially impacting the growing sector.
Key Points
1. The U.S. Securities and Exchange Commission (SEC) has approved the expansion of the “dealer” rule, which could have implications for the decentralized finance (DeFi) industry.
2. The new rule would potentially classify certain DeFi platforms and participants as “dealers,” subjecting them to regulatory requirements and oversight.
3. This move by the SEC reflects its intention to keep up with the rapidly evolving crypto industry and ensure investor protection, but it also raises concerns about stifling innovation and hindering the growth of DeFi.