SEC Tightens Oversight on DEXs
SECin a statement today that decentralized exchanges (DEX) has announced that it will increase scrutiny even further.
The SEC’s pressure on the cryptocurrency market continues to increase day by day. Making a statement as the latest development SECannounced that supervision at DEXs will increase.
SEC Turns Its Eye to Decentralized Exchanges This Time
The US Securities and Exchange Commission (SEC) is set to increase its scrutiny of the regulation of decentralized finance projects. In a vote today, the SEC announced that the rules governing securities exchanges in the US may also apply to decentralized finance projects. This step was interpreted as an attempt to increase its role as a market regulator in the decentralized digital asset trading space.
While this step of the SEC caused a reaction from some members, its leader Gary Gensler made statements.
SEC Commenting on the issue, Leader Gensler said:
The SEC’s announcement caused a backlash from Republican members. Some members expressed concern that the regulator was not making room for innovation and that the regulatory framework was being expanded.