SEC Faces Stiff Test in Regulating DeFi, Says Hester Peirce

[MRM]

Crypto Mom” says federal regulators should be less maternalistic, even when it comes to decentralized finance.
Hester Peirce, the regulator affectionately known as “Crypto Mom,” was last month sworn in for a second term as a commissioner on the US Securities and Exchange Commission. In an interview with Decrypt, she talked about what she foresees for her next five years at the agency.

“[Decentralized finance] is going to cause [the SEC] to sit down and ask some fundamental questions about regulations,” she said.
Source: https://decrypt.co/40819/sec-faces-stiff-test-regulating-defi-says-hester-peirce

[TomPluz]

I am seeing that eventually DeFi is going to be regulated by the government. Most especially because soon we will be seeing many failed and scammy DeFi projects that are going to explode in the marketplace. I am sure that even many people will be calling for the government to be coming in. Well, we can see that DeFi is decentralized until it is not all because nobody can do away with the role and function of the government. And no platform can live in a vacuum.

[highnayem34]

To be sure, decentralized finance is this summer’s hot topic amongst the cryptocurrency set, but it’s a tricky one for the SEC to deal with. It comprises non-custodial lending protocols, synthetic stocks and exchanges, and a lot of food references.