The platform said it took the “difficult decision” with its U.S. banking partner because of an “evolving regulatory environment” in the country. Regulators there, led by the Securities and Exchange Commission, have been cracking down on crypto, targeting exchange platforms like Coinbase (COIN) and Binance, as well as a host of individual tokens including Solana’ SOL and Polygon’ MATIC, alleging violations of federal laws.
The Four Biggest Risks in Modern DeFi
You might have heard the doomsday analyses comparing the most successful protocols of this wave, like Ethena or Eigen Layer...