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DeFi Not Immune to SEC Regulation: SEC Chair, Gary Gensler

Published 08/19/2021, 12:02 PM
Updated 08/19/2021, 12:30 PM
DeFi Not Immune to SEC Regulation: SEC Chair, Gary Gensler

  • New US SEC Chair Gary Gensler has warned that DeFi projects are not immune to oversight.
  • In an interview, he stated that they have elements that make them similar to what comes under SEC.
  • Gensler was appointed Chairman only recently, in April.

This just in: U.S. Securities and Exchange Commission Chair Gary Gensler is warning DeFi projects that they are not immune to oversight by the markets regulator.

In an interview on Wednesday, Gensler spoke about DeFi projects. He pointed out what makes them likely prospects for the SEC to govern. In fact, he noted that they have features like incentives that make them similar to what is already under SEC.

Wall Street Journal conducted the interview, discussing many important matters of which DeFi and crypto projects were a major part. Gensler has been a policymaker for very a long time. He h...

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