• Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
Monday, May 12, 2025
  • Login
  • Register
Coin24h.com
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
No Result
View All Result
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
No Result
View All Result
Coin24h.com
No Result
View All Result
Ledger Nano X - The secure hardware wallet
ADVERTISEMENT

US regulators say they “don’t want to inhibit” DeFi development

14 January 2021
in Regulation
Reading Time: 2 mins read
A A
0
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter
cryptotrader
ADVERTISEMENT


US regulators are scratching their heads with regards to what to make of the multibillion emerging market, but there’s a positive sign for the space.

DeFi is rising, the regulators are talking

A Monday meeting between members of the Commodity Futures Trading Commission saw discussion of the rise of DeFi applications and use cases as the crypto sub-sector surges to a nearly $19 billion total valuation, as per CryptoSlate’s data page.

Related articles

Kentucky Governor Signs Off On ‘Bitcoin Rights’ Bill, Strengthening Crypto Protections

Kentucky Governor Signs Off On ‘Bitcoin Rights’ Bill, Strengthening Crypto Protections

26 March 2025
Utah Moves Closer To Bitcoin Reserve As Bill Advances To Senate Standing Committee

Utah Moves Closer To Bitcoin Reserve As Bill Advances To Senate Standing Committee

20 February 2025

Released for public viewing today, the committee’s Technology Advisory division explored the pros and cons of DeFi apps in addition to devising penalties against “rogue” devs or legal provisions to help investors piling into the space.

[crypto-donation-box]

Dubbed the “The Growth and Regulatory Challenges of Decentralized Finance,” law professor Aaron Wright and attorney Gary DeWaal took part in the discussion. They briefly described the operation of decentralized exchange protocol Uniswap, with regards to how users provide liquidity, run trading pairs, and earn a portion of fees from the trades conducted on the platform.

An essential takeaway from the meeting, for regulators and crypto users both, was that the lawmakers noted DeFi apps opened the floodgates to financial inclusivity and allowed every retail user to take part in the protocol’s functions without meeting any predetermined criteria.

Wright, in particular, discussed that such software helped provide greater financial flexibility:

“An interesting benefit of decentralized financial projects is that they’re composable and interactible. Developers often describe them as financial Lego blocks.”

But nothing’s without risk

Despite the benefits and positives that DeFi apps presented, the lawmakers pointed out legal considerations, in specific, were mostly overseen by DeFi builders and developers. “These contracts are alegal. That doesn’t mean that they are illegal. It means they are designed at a technical level, not necessarily with regulatory compliance in mind,” said Wright.

DeWaal suggested that most fintech innovations in the US were subject to strict legal guidelines and regulations, ones that DeFi apps have, so far, failed to duly follow.

Cryptohopper
ADVERTISEMENT

Apart from legal issues, the regulators said the level of technological sophistication—such as setting up a smart contract, handling assets online, and participating in liquidity mining—required by such developments was of a high level. This, potentially, made DeFi a bit more challenging than more popular crypto tools, they said.

Meanwhile, DeWall said that the DeFi industry was a “gamechanger” for new-age tech  with the right regulations in place. “It has lots of potential benefits but has a lot of risks. We don’t want to inhibit this important development,” he noted.

Like what you see? Subscribe for daily updates.



Source link

Tags: DeFidevelopmentDontinhibitRegulators
Share76Tweet47
Ledger Nano X - The secure hardware wallet
Previous Post

Riot Blockchain Adds Blockware CEO to Advisory Board

Next Post

Grayscale Investments liquidates all of its XRP… while it still can

Related Posts

Kentucky Governor Signs Off On ‘Bitcoin Rights’ Bill, Strengthening Crypto Protections

Kentucky Governor Signs Off On ‘Bitcoin Rights’ Bill, Strengthening Crypto Protections

26 March 2025
0

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure In what is being dubbed a major...

Utah Moves Closer To Bitcoin Reserve As Bill Advances To Senate Standing Committee

Utah Moves Closer To Bitcoin Reserve As Bill Advances To Senate Standing Committee

20 February 2025
0

Utah continues to make strides in its quest to create a strategic Bitcoin (BTC) reserve, as the state’s Blockchain and...

Kentucky Becomes Latest State To Propose Bitcoin Reserve Bill – Key Details

Kentucky Becomes Latest State To Propose Bitcoin Reserve Bill – Key Details

8 February 2025
0

Bitcoin (BTC) frenzy is sweeping across the US following Donald Trump’s victory in the November presidential election, with Kentucky becoming...

MicroStrategy May Face Tax Issues Over  Billion Unrealized Bitcoin Gains: Report

MicroStrategy May Face Tax Issues Over $19 Billion Unrealized Bitcoin Gains: Report

25 January 2025
0

According to a report by The Wall Street Journal, business intelligence firm MicroStrategy may face significant tax liabilities on its...

Bitcoin ETFs In Focus As Kansas Senator Proposes Up To 10% Pension Fund Allocation

Bitcoin ETFs In Focus As Kansas Senator Proposes Up To 10% Pension Fund Allocation

24 January 2025
0

Kansas Republican State Senator Craig Bowser has introduced a bill aimed at allocating up to 10% of public employee retirement...

Load More
Next Post

Grayscale Investments liquidates all of its XRP... while it still can

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
Here’s the Road to  for Dogecoin Price Rally-Will it Mark a New ATH in May 2025?

Here’s the Road to $1 for Dogecoin Price Rally-Will it Mark a New ATH in May 2025?

12 May 2025
DeFi Development Soars 20% as Solana Holdings Top 0M With Latest Purchase – CoinDesk

DeFi Development Soars 20% as Solana Holdings Top $100M With Latest Purchase – CoinDesk

12 May 2025
$BNB Price Analysis for May 12, 2025 – CoinDesk

$BNB Price Analysis for May 12, 2025 – CoinDesk

12 May 2025
Bitcoin, Ethereum, & XRP Price Prediction for Next Week

Bitcoin, Ethereum, & XRP Price Prediction for Next Week

12 May 2025

About Us

We publish a comprehensive news feed covering all news relevant to the crypto user, covering main industry news, politics and regulation as well as consumer-level “news you can use” (practical stuff), including handy DIY tips, links to useful tools, unbiased reviews and opinions revolving around cryptocurrency. Simple logic and real-world examples are preferred before technical jargon and personal rants.

Categories

  • Altcoin
  • ApeCoin
  • Bitcoin
  • Blockchain
  • BNB
  • Cardano
  • Cryptocurrency
  • DOGE
  • DOT
  • Ethereum
  • HBAR
  • Litecoin
  • Market
  • Meta News
  • Mining
  • NFT
  • QNT
  • Regulation
  • SHIBA
  • Solano
  • Tether
  • Uncategorized
  • XDC
  • XLM
  • XRP

What’s New Here!

  • Here’s the Road to $1 for Dogecoin Price Rally-Will it Mark a New ATH in May 2025?
  • DeFi Development Soars 20% as Solana Holdings Top $100M With Latest Purchase – CoinDesk
  • $BNB Price Analysis for May 12, 2025 – CoinDesk
  • Bitcoin, Ethereum, & XRP Price Prediction for Next Week
  • Upexi Buys Discounted Locked SOL, Surpasses $100 Million of SOL and Becomes the Largest Publicly-Traded Solana Treasury Company – Stock Titan

Subscribe Now

Our Partner

Round Main Logo
  • About Us
  • Privacy Policy
  • Contact Us

© 2022-2025 coin24h.com

No Result
View All Result
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining

© 2020 coin24h.com

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin (BTC) $ 103,921.00
  • ethereumEthereum (ETH) $ 2,550.34
  • xrpXRP (XRP) $ 2.59
  • tetherTether (USDT) $ 1.00
  • bnbBNB (BNB) $ 675.02
  • solanaSolana (SOL) $ 179.40
  • usd-coinUSDC (USDC) $ 0.999961
  • dogecoinDogecoin (DOGE) $ 0.238236
  • cardanoCardano (ADA) $ 0.837577
  • tronTRON (TRX) $ 0.279030
  • staked-etherLido Staked Ether (STETH) $ 2,545.19
  • suiSui (SUI) $ 4.07
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 103,776.00
  • chainlinkChainlink (LINK) $ 17.34
  • avalanche-2Avalanche (AVAX) $ 25.52
  • wrapped-stethWrapped stETH (WSTETH) $ 3,069.69
  • stellarStellar (XLM) $ 0.324400
  • shiba-inuShiba Inu (SHIB) $ 0.000017
  • hedera-hashgraphHedera (HBAR) $ 0.223606
  • pi-networkPi Network (PI) $ 1.28
  • the-open-networkToncoin (TON) $ 3.52
  • hyperliquidHyperliquid (HYPE) $ 25.17
  • bitcoin-cashBitcoin Cash (BCH) $ 414.50
  • polkadotPolkadot (DOT) $ 5.24
  • leo-tokenLEO Token (LEO) $ 8.48
  • litecoinLitecoin (LTC) $ 102.33
  • usdsUSDS (USDS) $ 0.999945
  • wethWETH (WETH) $ 2,550.14
  • moneroMonero (XMR) $ 342.45
  • pepePepe (PEPE) $ 0.000014
  • wrapped-eethWrapped eETH (WEETH) $ 2,727.77
  • bitget-tokenBitget Token (BGB) $ 4.91
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 103,899.00
  • whitebitWhiteBIT Coin (WBT) $ 30.33
  • uniswapUniswap (UNI) $ 7.09
  • bittensorBittensor (TAO) $ 461.73
  • nearNEAR Protocol (NEAR) $ 3.27
  • aptosAptos (APT) $ 6.04
  • daiDai (DAI) $ 1.00
  • aaveAave (AAVE) $ 224.72
  • ondo-financeOndo (ONDO) $ 1.07
  • okbOKB (OKB) $ 55.58
  • kaspaKaspa (KAS) $ 0.124315
  • internet-computerInternet Computer (ICP) $ 6.00
  • ethereum-classicEthereum Classic (ETC) $ 20.22
  • crypto-com-chainCronos (CRO) $ 0.102591
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • vechainVeChain (VET) $ 0.032519