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U.S. SEC Out-of-Bounds in Dragging DeFi Into Proposed Exchange Rule, Industry Says

The agency’s comment window is closing for its proposal to expand how it defines exchanges, including a major swath of decentralized finance, and the crypto sector is objecting.

U.S. Securities and Exchange Commission (Jesse Hamilton/Coindesk)
U.S. Securities and Exchange Commission (Jesse Hamilton/Coindesk)