1inchCo-Founder Sergej Kunz, SEC movesbecause of of major Web3 companiesHe stated that he might leave the United States.
in the crypto industry After the turbulent processes, the eyes were turned to the actors of the sector. Many names from the crypto industry made statements about the litigation processes. decentralized stock market 1inchsector is affected by regulatory pressures.
1inchCo-Founder Sergej Kunz, to Cointelegraphmade statements. Kunz evaluated the possible consequences of regulatory pressure and the SEC’s moves. according to Kunz SEC, It kills innovation in the US.
1inch Co-Founder Criticizes SEC’s Attitudes
1inchCo-Founder Sergej Kunzcriticized the SEC’s moves towards the crypto industry. KunzAs a result of these actions of the SEC, many Web3He suggested that his company might leave the country.
to Cointelegraphsharing their opinions Kunz, CoinbaseCEO Brian ArmstrongHe stated that he agreed with the views of the SEC and that the actions of the SEC were damaging.
CoinbaseAnd Binancepointing out the cases Kunzexecuting these cases SECHe said ‘is killing innovation in the US. Kunzstated that the issue that the regulators are stuck on is the smart contracts mechanism.
In addition, it is known that 1inch and similar DeFi projects are on the radar of regulators in the USA. Recently CFTChead Rostin Behnamhad signaled that DeFis could also be regulated.
