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Coinbase CEO Brian Armstrong thinks DeFi protocols are different from financial service businesses and should be treated differently.
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Armstrong called out the recent regulatory actions of the CFTC against DeFi protocols.
The increasing enforcement actions against decentralized finance (DeFi) protocols are unpleasant and U.S. regulators should refrain from it, Coinbase CEO was seen to give such statements. The statement from the crypto exchange executive came in the wake of retaliating recent action of CFTC against several DeFi protocols.
In an X (Twitter) post on September 14, co-founder and chief executive officer at crypto exchange Coinbase, Brian Armstrong, criticized the enforcement actions of the Commodity and Futures Trade Commission (CFTC). He argued that the decentralized finance protocols are not similar to traditional financial service businesses.
Given DeFi’s dissimilarity with the financial businesses, it does not make sense to
We współpracy z: https://www.thecoinrepublic.com/2023/09/14/coinbase-ceo-supports-defi-protocols-after-cftcs-enforcement-action/
