February 21, 2024

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SEC’s Revised ‘Dealer’ Definition Sparks Concerns Over Impact on Crypto Innovation

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SEC’s Revised ‘Dealer’ Definition Sparks Concerns Over Impact on Crypto Innovation
SEC’s Revised ‘Dealer’ Definition Sparks Concerns Over Impact on Crypto InnovationThe U.S. Securities and Exchange Commission (SEC) has adopted rules to require firms that act like dealers to register with the Commission. A lawyer explained that the securities regulator took a shot at decentralized finance (Defi) with the rules, which explicitly target decentralized exchanges’ (DEX) liquidity providers (LPs) with at least $50 million in assets. […]