EconomySEC Commissioner Hester Peirce: Truly decentralized DeFi needs no legal exemption
SEC Commissioner Hester Peirce said investors do not need an exemption to use permissionless smart contracts for peer-to-peer trading. SEC actions on tokenized securities and crypto interfaces outline separate limits on intermediary control, but “truly decentralized” remains undefined under a unified federal test.
SEC Commissioner Hester Peirce: Truly decentralized DeFi needs no legal exemption
Economy