The Unitedย States Regulator Targets Three Companies
The Unitedย States Commodity Futures Trading Commission (CFTC) has focused its attention on 3 corporations, one of which employed a lawyer who previously served as the head of its technology research division.
Opyn and 0x, two of the targeted corporations, have not yet responded to requests for comment. CoinDesk has been unable to locate a representative for Deridex.
0x and Matcha Remain Operational
Matcha, an application associated with 0x, assured its users that both 0x and Matcha are operating smoothly. They stated this in a post on X, formerly known as Twitter.
Concerns Over the CFTCโs Actions
One CFTC commissioner dissented from the enforcement vote, expressing concern over the Commissionโs approach. Commissioner Summer Mersinger emphasized that thereย is no evidence of misappropriated customer funds or victimization of market participants by the decentralizedย financeย (DeFi) protocols involved. Mersinger believes that the Commission should prioritize engaging with the public rather than resorting to enforcement actions.
Hot Take:
The CFTCโs recent enforcement actions against the targeted corporations have raised questions about the Commissionโs approach to regulating the DeFi space. As the industry continuesย to evolve, striking a balance between enforcement and engagement with the public will be critical for regulators.
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