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U.S. SEC Clears 'Dealer' Rule Expansion That Could Rope in DeFi

The Securities and Exchange Commission approved a final rule Tuesday that DeFi interests call "hostile" to that sector, potentially requiring projects to register as dealers.

By Jesse Hamilton

Updated Mar 8, 2024, 9:08 p.m. Published Feb 6, 2024, 8:53 p.m.

While U.S. Securities and Exchange Commission Chair Gary Gensler celebrated the agency's new dealer rule, DeFi insiders tolled a warning. (Jesse Hamilton/CoinDesk)