CFTChead Rostin Behnam, even if they are decentralized and just code DeFistated that the stock market will be regulated.
The pressure and activities of the US regulators on the crypto sector continue. After the SEC’s confrontation with Ripple and Coinbase in particular, from CFTCA new move has come.
Commodity and Futures Commission ( CFTC ), came to the fore with the legal struggle with Binance. Finally CFTC head Behnam, DeFiIt also targeted the stock markets.
CFTC Chairman Wants to Regulate DeFi Exchanges
CFTChead Rostin Behnammade statements that will mark the regulatory agenda. Behnamtargeted DeFi exchanges, which have a decentralized structure. Behnam, Uniswapcovering projects such as DeFiHe said that the stock market will be regulated.
Against the idea that regulations will be difficult due to its decentralized perception. BehnamHe stated that decentralized crypto exchanges will be regulated even if they are just code.
Bloomberginterviewing with Behnam, DeFi He stated that the exchanges are reflected as structures that are not institutions and are code only. Stating that due to this reflection, opinions have emerged that the regulations will not be realized. Behnam, said that the main issue is about the exposure of US customers.
Behnam gave the signal that they will fight the bad actors. Moreover Behnam, also answered the Binance question directed to him as follows;
Nothing surprises me anymore… We know that there are many people who do not want to obey the law, choose to evade the law or do not. They don’t know the law and sometimes do amazing things, including writing things down.
