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Article -SEC Regulation Of DeFi Could Box Out Diverse Entrepreneurs And Impact Projects


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July 9, 2023

Securities and Exchange Commission Chair Gary Gensler’s regulation-by-enforcement approach, as opposed to developing a much-needed regulatory framework for the crypto sector, may derail decentralized finance, setting up roadblocks for diverse entrepreneurs and impact projects.

Entrepreneur Tavonia Evans, who is the founder of Guapcoin and plans to launch a decentralized exchange, wrote the SEC last month and noted that proposed rules “may inadvertently box out startups that are experienced in addressing lack of access and are working to rectify this issue.”


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