Coinbase Chief Suggests DeFi Protocols Engage with Courts for Clearer Guidelines

Coinbases top executive, Brian Armstrong, recently championed the cause of decentralized finance (DeFi) protocols, highlighting the legal challenges they face. In his communication via social media platform X, formerly known as Twitter, Armstrong pointed out that the present trajectory might push this pivotal industry to operate primarily outside of domestic boundaries. Armstrong emphasized the potential misstep by the United States Commodities and Futures Trading Commission (CFTC) in categorizing DeFi protocols similarly to traditional financial firms. He pointed out that it remains...


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