How SEC Puts DeFi on Notice with Rari Capital Charges

The SEC has unveiled charges against Rari protocol in an escalating DeFi crackdown. The recent charges will likely give DeFi protocols operating in the U.S. pause for thought. While market leaders may be able to face the SEC, an enforcement barrage may spell doom for newer protocols. Under Gary Gensler's leadership, the SEC has launched a regulation-by-enforcement campaign against the crypto industry, asserting that decades-old securities regulations are sufficient to guide the nascent market. While these enforcement actions have primarily been focused on centralized entities, the turn of the year has seen DeFi enforcement efforts come into focus as

Continue reading on DailyCoin.