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U.S. SEC Clears 'Dealer' Rule Expansion That Could Rope in DeFi

The Securities and Exchange Commission approved a final rule Tuesday that DeFi interests call "hostile" to that sector, potentially requiring projects to register as dealers.

While U.S. Securities and Exchange Commission Chair Gary Gensler celebrated the agency's new dealer rule, DeFi insiders tolled a warning. (Jesse Hamilton/CoinDesk)
While U.S. Securities and Exchange Commission Chair Gary Gensler celebrated the agency's new dealer rule, DeFi insiders tolled a warning. (Jesse Hamilton/CoinDesk)