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‘Is ETH a Security?’ Why Gary Gensler Couldn’t Give Congress a Straight Answer - Ep. 483
Unchained
The SEC's Proposed Exchange Rule Amendment Could Impact the Crypto World
The SEC has proposed an amendment to rule 3B16, which talks about requirements for exchanges. By expanding the definition of exchange in the proposed rule on which they invited comment, there were numerous comments from people in the crypto industry that said it would sweep in DeFi protocols. "I think that we're going to see actions potentially being considered against DeFi protocols under these rules," he says.
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