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Topic: SEC wants to regulate DEXs - page 2. (Read 259 times)

legendary
Activity: 3220
Merit: 1363
www.Crypto.Games: Multiple coins, multiple games
April 19, 2023, 05:32:53 AM
#1
I've read a news article from Reuters that the SEC (a US government agency) claims exisiting rules for exchanges also apply to decentralized exchanges (DEX). More details on that here: https://www.reuters.com/markets/us/us-sec-weigh-taking-more-feedback-plan-expand-exchange-definition-2023-04-14/

Does that mean the SEC will begin to enforce regulations on DEXs? Most of the so-called DEXs we know and love today are not as decentralized as they claim to be. Some have publicly-known developers, while others are hosted on centralized servers using centralized infrastructure. I fail to see how the SEC will succeed, especially when there's a small minority of DEXs that are truly-decentralized (it becomes difficult, if not impossible, to enforce regulations).

Do you think the SEC has gone too far on its crypto/Blockchain crackdown? If not, why? Your input will be greatly appreciated. Thank you. Smiley
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