Rostin Behnam, Chairman of the US Commodity Futures Trading Commission (CFTC), emphasized that decentralized finance (DeFi) protocols will also be regulated within the framework of the law.
New target as US pressure on crypto industry continues DeFi had protocols. Chairman of the CFTC Rostin Behnam Bloomberg’s Odd Lots podcastIn a speech to the CFTC or the U.S. Securities and Exchange Commission, DeFi protocols (SEC) Said it would be arranged by
Behnam, DeFi protocols mechanism of the format or being managed by the community that they can escape the legal framework He emphasized that this does not mean:
There is no institution or individual. There is only code, you cannot edit it. It’s easy to say it’s self-influencing, but that’s a really wrong set of questions. The real question to ask here is what is served to US customers and what are they exposed to. In addition, who is the individual or group that established that legal entity, that code to offer these products? US law already covers almost all digital assets and these too will be regulated.
There are surprising details in the Binance case
The moderator opened the CFTC to Binance in March. case Behnam, who made statements after asking questions about Binance, said that even Binance’s internal messaging full of interesting details but now such situations not surprised expressed:
We know that there are many people out there who do not want to obey the law, choose to run away from the law, or do not know the law. So sometimes their spelling with each other and their moves for the company can be truly surprising. We encounter this situation everywhere and nothing surprises me anymore.