CFTC Warns DeFi Operators on Compliance
The Commodity Futures Trading Commission (CFTC) is urging DeFi operators to be vigilant about compliance with regulations. CFTC Commissioner Ian McGinley stressed the importance of ensuring that DeFi transactions adhere to the law.
While the CFTC is encouraging responsible DeFi development, two commissioners dissented from this position. The CFTC is actively working to understand the evolving DeFi landscape, and they are emphasizing that all players need to operate within the bounds of the law.
DeFi is rapidly evolving, and the CFTC’s message underscores the need for careful navigation of regulatory waters.
This is a developing story.
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