Gensler defi

gensler defi



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former mit blockchain professor gary gensler, who has been chair of the sec since april of this year, stated earlier this month that defi projects, which exist on ethereum and other smart contract trading platforms, have features that are similar to the types of entities that the sec oversees, which could make the space subject to the same …

DeFi Not Immune to SEC Oversight, Gensler Says: Report - CoinDesk Bitcoin $ 20,700.26 +0.15% Ethereum $ 1,220.10 +0.74% Binance Coin $ 236.92 +0.16% XRP $ 0.332751 -2.45% Solana $ 36.98 -1.30%...

DeFi 'Raises Challenges' for Investors, SEC's Gensler Says - CoinDesk Bitcoin 0.15% Ethereum +0.74% Binance Coin $ 236.92 +0.16% XRP $ 0.332751 -2.45% Solana $ 36.98 -1.30% Binance USD $ 1.00...

According to Gensler, it took regulators about three or five years to bring peer-to-peer systems within investor protections, and this is the process he is now seeing in DeFi. DeFi is the umbrella term for a network of decentralized, non-custodial financial protocols focused on lending, yield farming, crypto derivatives, and other products ...

Speaking to The Wall Street Journal on August 19, Gensler suggested that the decentralized notions implied by the term DeFi were "a bit of a misnomer,": "These platforms facilitate something that might be decentralized in some aspects but highly centralized in other aspects."

In an interview with the Wall Street Journal on August 19, the US Securities and Exchange Commission chairman Gary Gensler warned that decentralized finance (DeFi) platforms are not immune to oversight by the market regulator.. Gensler went further and said that DeFi projects have features that make them look like the type of entities regulated by the SEC.

In an interview with the Financial Times, SEC Chairman Gary Gensler repeated his call to regulate DeFi. The Chairman said crypto platforms should be "asking for permission" instead of "begging for forgiveness." Gensler added that DeFi platforms have "a fair amount of centralization," making them susceptible to regulation.

SEC chief Gensler has already made clear that he views most claims of decentralization in DeFi with skepticism. In addition to use of kill switches, law enforcement may look for evidence of control...

DeFi projects can be regulated by supervisory authorities regardless of their degree of decentralisation. Gary Gensler, head of the US Securities and Exchange Commission (SEC), said this in an interview with The Wall Street Journal. Gensler called the term DeFi a misnomer because the current platforms are "decentralised in some aspects but very centralised in others".

This is the second time Gensler aims at the DeFi market over the past few months. Earlier this month, he said the regulator is looking at different crypto issues, including initial coin offerings, lending platforms and decentralized finance (DeFi). SEC Chair believes that regulating cryptocurrency exchanges is the easiest way to get a quick handle on crypto trading.

The term DeFi is "a bit of a misnomer," Mr. Gensler said, speaking generally and not about the Blockchain Credit case. "These platforms facilitate something that might be decentralized in some...

Gensler's Testimony About Crypto. In a prepared testimony to the Subcommittee on Financial Services and General Government, Gary Gensler acknowledged the significant growth and valuation of crypto tokens but also cites concerns on DeFi. The former Professor of the Practice of Global Economic and Management, MIT Sloan School of Management was cautious in dealing with the growth and interest ...

Gensler expanded on his comments in an August 20 interview with Fox Business and suggested that such DeFi projects are centralized enough to fall under the scope of regulation. He urged DeFi projects to register with the SEC: "These so-called decentralized finance platforms actually have a lot of centralization.

Securities and Exchange Commission chair Gary Gensler has taken aim at decentralized finance (DeFi) projects, arguingthat they could fall under the purview of regulators. He also suggested the term DeFi itself isn't necessarily accurate, calling it "a bit of a misnomer."

Gary Gensler says that the U.S. Securities and Exchange Commission could begin to regulate DeFi platforms. Though DeFi platforms have little control over user funds, they often have an organized and transparent set of developers. The U.S. SEC has already targeted at least two decentralized projects; one this month and one in 2018.

You're not going to believe what this man thinks about DeFi lending. According to Gary Gensler: "It's raising new and interesting innovations around how exchanges work and how even potentially some forms of decentralized lending. We've had peer-to-peer lending for 15-20 years, we've experimented with it. This is a new type of experiment.

DeFi uses a model for providing innovation in financial services such as lending, borrowing, savings, credit and insurance without the need of a financial intermediary, such as a bank. Speaking at...

The Trust Project is an international consortium of news organizations building standards of transparency. SEC Chairman, Gary Gensler, calls out 'DeFi' projects in the crypto space, saying they aren't exempt from regulations. DeFi services are the talk of the town in the crypto space. The lack of a middle man to impose rules and fees ...

Gensler's Appearance Before Congress Leave DeFi Industry Wanting More August 5, 2021 @ 7:55 pm By Tony Zerucha As cryptocurrency watchers let Securities and Exchange Commission (SEC) Chair Gary...

Gensler's remarks come at a time the DeFi industry is at one of its lowest ebbs. Ten days ago, a hacker moved digital assets worth about $612m from the Poly network, but he has since returned the majority of it. The poly network even offered him a bug bounty and a job. Records show that the hacker's heist was the biggest in DeFi's history.

Some decentralized finance projects, known as DeFi, have features that make them look like the types of entities the SEC oversees, Mr. Gensler said in an interview Wednesday.

Gary Gensler, SEC Chairman In an interview published this morning in The Wall Street Journal, Securities and Exchange Commission head Gary Gensler declared that decentralized finance (DeFi)...

Gensler: Many DeFi projects cannot be called decentralized by Diana in DeFi News According to Gary Gensler, who heads the SEC, not all projects deployed in the DeFi market are decentralized. Many of them are completely centralized, the official stressed. At the same time, Gensler acknowledged that most of the protocols are indeed decentralized.

Gensler commented that they have been encouraging these providers to reach out to the SEC so they can be briefed about the kinds of disclosures they should be adding to their services and terms of ...

Today's "Gensler for a Day" is Michale Shaulov, CEO of decentralized finance (DeFi) infrastructure and custody firm Fireblocks. Fireblocks occupies an extremely interesting position in the DeFi...

According to a Bloomberg report, the head of the Securities and Exchange Commission, Gary Gensler, has revealed that he has some concerns about the decentralized finance (DeFi) space. He further said that the SEC is also monitoring other crypto space aspects, especially Stablecoins and exchange-traded funds (ETF). Gensler Asks Staff To Exert Authority Gensler reveals …

WHERE: CNBC's "Squawk Box" Following is the unofficial transcript of a CNBC interview with SEC Chair Gary Gensler on CNBC's "Squawk Box" (M-F, 6AM-9AM ET) today, Thursday, July 21 st. Following is ...

U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler testifies before a Senate Banking, Housing, and Urban Affairs Committee oversight hearing on the SEC on Capitol Hill in Washington ...

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