- CFTC Chairman Rostin Behnam clarifies the agency’s view on DeFi.
- DeFi must comply with all financial regulations, despite being “just code.”
- Behnam suggested that the agency will probe into who is behind DeFi apps.
As centralized exchanges bore the brunt of the latest US regulatory crackdown, DeFi remained undisturbed. However, according to the latest remarks by the Commodity Futures Trading Commission (CFTC) Chairman, that may soon change. The anonymity and self-executing nature of DeFi won’t shield developers from regulators, he said.
On Thursday, May 18, CFTC Chair Rostin Behnam explained the agency’s stance on DeFi regulation. In an interview with Bloomberg, Behnam underlined that DeFi would have to comply with financial regulations.
CFTC Chair: It’s About Who Set Up DeFi Apps
Proponents have long argued that traditional regulation doesn’t work in the case of DeFi. Its autonomous…
