News Snapshot:
Lassoing a Stallion: How Gary Gensler Could Approach DeFi Enforcement The SEC may “pierce the veil” of “decentralization theater” by going after individuals involved in DeFi projects, observers say. Earlier this week, we considered the challenges of creating viable long-term regulations for decentralized finance (DeFi) protocols. These systems can ostensibly remove intermediaries from the trading of any asset represented on a blockchain, but those intermediaries have been the ones enforcing rules on behalf of regulators for the better part of a century. That means workable DeFi regulation will likely be much different in substance, and enforced differently, than current securities...
