Coinbase CEO Urges Defi Protocols to Challenge Regulatory Crackdowns in Court
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The CEO of the cryptocurrency exchange Coinbase has encouraged decentralized finance (defi) protocols to fight regulators in court if they face regulatory crackdowns. He stressed that the Commodity Futures Trading Commission (CFTC) “should not be creating enforcement actions against decentralized (defi) protocols,” emphasizing that they are not financial service businesses. “The only thing this is accomplishing is to push an important industry offshore,” Armstrong cautioned. See more for yourself here (https://news.bitcoin.com/coinbase-ceo-urges-defi-protocols-to-challenge-regulatory-crackdowns-in-court/).
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