The U.S. Securities and Exchange Commission (SEC) has adopted rules to require firms that act like dealers to register with the Commission. A lawyer explained that the securities regulator took a shot at decentralized finance (Defi) with the rules, which explicitly target decentralized exchanges’ (DEX) liquidity providers (LPs) with at least $50 million in assets. […]
Source: https://news.bitcoin.com/secs-revised-dealer-definition-sparks-concerns-over-impact-on-crypto-innovation/
SEC’s Revised ‘Dealer’ Definition Sparks Concerns Over Impact on Crypto Innovation
