Why truly decentralized DeFi needs no legal exemption according to SEC Commissioner Hester Peirce
SEC Commissioner Hester Peirce drew a sharp line around decentralized finance on Sept. 17. She said investors need no exemption to use permissionless smart contracts for peer-to-peer trading. The SEC and CFTC actions examined here set separate limits on intermediary control. The unresolved question is how much control a software provider can retain before it … Read more