U.S. CFTC Chairman: DeFi Sector Needs Regulation

Isha000 · Post time 8-10-2023 09:33:45

On October 3rd, according to The Block, Rostin Behnam, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), emphasized the need for regulation in the decentralized finance (DeFi) sector during a speech, likening the situation to "unlicensed doctors."

CFTC's Enforcement Director, Ian McGinley, had previously stated in September, "The existence of unregulated DeFi trading platforms clearly threatens the markets and customers that are overseen and protected by the CFTC. This is an issue we take very seriously."

BlockBeats had previously reported that the U.S. CFTC announced enforcement actions in the DeFi space on September 8th, bringing charges against Opyn, ZeroEx, and Deridex and reaching settlements with them.

Jafar224 · Post time 8-10-2023 09:53:55

This is something worth paying attention to.

Jiten171 · Post time 8-10-2023 10:09:41

Regulation is something that cannot be overlooked.

Niti998 · Post time 8-10-2023 13:29:30

This trading platform is quite good; after all, security should always be a top priority!

Iravan774 · Post time 8-10-2023 13:37:48

It's still necessary to choose reputable trading platforms for transactions.