SEC Lays Its Cards on the Table With Assertion That DeFi Falls Under Securities Rules

“We see this new expertise, and we’re not keen to make any changes to accommodate it,” SEC Commissioner Hester Peirce mentioned Monday on CoinDesk TV, additional detailing her criticism of the transfer final week that she opposed. “Should you do not look precisely like incumbent corporations, then we’re simply going to be wonderful with killing you off or driving you offshore or forcing you to show your self right into a centralized entity.”