The head of the US Securities and Exchange Commission (SEC) Gary Gensler is ready to draw regulatory lines for the decentralized finance (DeFi) sector, saying that many projects are not sufficiently decentralized to escape the agency’s supervision.
Some DeFi projects display certain aspects that put them in the same basket with entities scrutinized by the regulator, insisting on primarily being concerned with investor protection.
Why many DeFi projects fit the profile
Gensler, who already warned that the DeFi sector is bound to get regulated, explained why some projects fit the SEC’s target profile.
Since they are developed by a “core group of folks,” typically incentivized to promote their platforms, many of the patrolled projects displayed “highly” centralized features, Gensler told The Wall Street Journal.
Despite their non-custodial nature, many DeFi projects have an organized group of developers, typically incentivized to promote their platforms and, as such, display c
Źródło: https://cryptoslate.com/sec-chief-slams-highly-centralized-defi-projects-is-regulation-coming/
