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

Nonetheless, DeFi protocols “intuitively possess not one of the defining hallmarks of inventory exchanges,” in response to the DeFi Training Fund’s letter. “Past DeFi, the fee’s proposal has no logical restrict and would sweep third-party and utility service suppliers who contract with change suppliers into the change regulatory regime.”