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SEC is killing innovation in the United States — 1inch co-founder

Published 06/08/2023, 06:58 AM
Updated 06/08/2023, 08:40 AM
© Reuters
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The United States could risk an exodus of major Web3 and cryptocurrency service providers as the Securities and Exchange Commission (SEC) takes action against Coinbase (NASDAQ:COIN) and Binance.

Sergej Kunz, a co-founder of decentralized finance (DeFi) protocol 1inch Network, believes the SEC’s enforcement action against the two centralized exchanges could have a negative effect on the growth of Web3 in the United States.

Cointelegraph’s Gareth Jenkinson alongside 1inch Network co-founder Sergej Kunz at Money 20/20 in Amsterdam. Source: Cointelegraph

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