Learn from Mr. Ni’s tweet on Twitter:
CFTC - U.S. Commodity Futures Trading Commission. In the early morning of the 3rd, the Chairman of the CFTC mentioned in his speech a lawsuit regarding related sectors of the crypto market, namely DAO and Defi. Of course, the Defi mentioned here does not generally refer to decentralized finance but more specifically. It clearly points to decentralized exchanges.
Because the encryption market has always advocated the idea of decentralization, the CFTC earlier filed a lawsuit against a DAO organization and won. This creates more associations. The decentralized organization in the encryption market - DAO, after triggering laws and regulations, how to determine or trace the responsible person, that is, through the decentralized organization for illegal operations, will eventually be traced to the "person". The person responsible for the final traceability is the person in charge of the DAO or the ultimate beneficiary.
In fact, the success of this CFTC lawsuit can be seen that the US government is eager to regulate the encryption market. They hope that this young and active financial market can be supervised by them. This is the consistent style of the United States.
In fact, from another perspective, the decentralization advocated by the encryption market may really turn into various harvesters if it is not effectively supervised. Moreover, the core is also in conflict with the centralization of power in each region. Therefore, the market acceptance of supervision is a necessary route. Whether it is through better regulatory laws and regulations, or through good regulatory channels like ETFs, this is a better progress. Let’s hope the crypto market thrives under good regulation
#BTC
CFTC - U.S. Commodity Futures Trading Commission. In the early morning of the 3rd, the Chairman of the CFTC mentioned in his speech a lawsuit regarding related sectors of the crypto market, namely DAO and Defi. Of course, the Defi mentioned here does not generally refer to decentralized finance but more specifically. It clearly points to decentralized exchanges.
Because the encryption market has always advocated the idea of decentralization, the CFTC earlier filed a lawsuit against a DAO organization and won. This creates more associations. The decentralized organization in the encryption market - DAO, after triggering laws and regulations, how to determine or trace the responsible person, that is, through the decentralized organization for illegal operations, will eventually be traced to the "person". The person responsible for the final traceability is the person in charge of the DAO or the ultimate beneficiary.
In fact, the success of this CFTC lawsuit can be seen that the US government is eager to regulate the encryption market. They hope that this young and active financial market can be supervised by them. This is the consistent style of the United States.
In fact, from another perspective, the decentralization advocated by the encryption market may really turn into various harvesters if it is not effectively supervised. Moreover, the core is also in conflict with the centralization of power in each region. Therefore, the market acceptance of supervision is a necessary route. Whether it is through better regulatory laws and regulations, or through good regulatory channels like ETFs, this is a better progress. Let’s hope the crypto market thrives under good regulation
#BTC