SEC DeFi Guidance Focuses on Human Control in Regulatory Debate - www.tokenpost.com
The Securities and Exchange Commission (SEC) has issued guidance on decentralized finance (DeFi), focusing on human control and regulatory duties in an ongoing industry debate.
Industry participants remain divided over who should bear compliance obligations as the SEC clarifies its approach to decentralized finance. The guidance emphasizes the importance of human control in determining regulatory responsibilities.
This regulatory debate comes at a critical time, as Congress has not passed any market-structure law to clarify federal agencies' roles in overseeing crypto markets.
Regulatory vacuum
The SEC's latest guidance follows stalled action on the Clarity Act, which was designed to address crypto market structure. The act failed after a vote, prompting the SEC to issue its previous crypto guidance.
Without clear legislative direction, the SEC's approach to DeFi continues to shape the regulatory landscape for decentralized financial systems.
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