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Delphi Labs' Gabriel Shapiro on How 100% of DeFi Could Become Illegal

The Defiant - DeFi Podcast

CHAPTER

Is the CFTC Legislation Aimed at Doge Brokers?

In certain respects, I think it could be good if it were limited to pure centralized exchanges and to true service providers, true intermediaries. The bill kind of makes sense for that, right? It says, hey, you're someone who is like a doge broker or whatever, we're going to impose some legal obligations on you. So in that way, it's not bad. It's just that the way that it's drafted is so broad that you can't tell that it's only aimed at those businesses. That's where people want changes.

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