May 16, 2023
SEC,
Defi is not exchange. do not imposed exchange definition on DeFi.
I find it highly objectional that SEC is expanding its definition to include DeFi. It seems like SEC is NOT working in favor of disruptive tech, American interest and American innovation.
Blockchain is open source and all the data is open and visible to all unlike Nasdaq and other closed source trading exchanges.
My vote/opinion is Defi should not be termed/treated/defined as an exchange.
Regards