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SEC chief slams ‘highly centralized’ DeFi projects. Is regulation coming? SEC chief slams ‘highly centralized’ DeFi projects. Is regulation coming?

SEC chief slams ‘highly centralized’ DeFi projects. Is regulation coming?

Gensler is ready to oversee the unregulated Defi territory as he explains which aspects are targeted by the SEC.

SEC chief slams ‘highly centralized’ DeFi projects. Is regulation coming?

Cover art/illustration via CryptoSlate

The head of the US Securities and Exchange Commission (SEC) Gary Gensler is ready to draw regulatory lines for the decentralized finance (DeFi) sector, saying that many projects are not sufficiently decentralized to escape the agencyโ€™s supervision.

Some DeFi projects display certain aspects that put them in the same basket with entities scrutinized by the regulator, insisting on primarily being concerned with investor protection.

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