SEC Says Trumps Defi Must Navigate Unclear Regulations With Strong Legal Support
The post SEC Says Trumps Defi Must Navigate Unclear Regulations With Strong Legal Support appeared first on Coinpedia Fintech News
SEC Commissioner Mark Uyeda confirmed that Donald Trumps DeFi project, World Liberty Financial, will face the same regulatory framework that other crypto-related firms. He says that Trumps DeFi must navigate unclear regulations with strong legal support. Uyeda acknowledged that the SECs actions against crypto have created the impression that the agency is politicized. However, he highlighted that the SEC focuses on regulating disclosure, and not determining the merit of projects. Hence the agency will require World Liberty Financial to meet the same transparency standards as any other firm, regardless of its unique characteristics.
Text source: Coinpedia – Fintech & Cryptocurreny News Media| Cr
