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SEC and CFTC Consider Innovation Exemptions for DeFi Operations

In a joint move, U.S. regulators signaled they may permit peer-to-peer trading and on-chain market activities under new regulatory guardrails to support domestic crypto innovation.

Summary

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Terms & Concepts
  • DeFi (Decentralized Finance): A blockchain-based financial system enabling services like lending, trading, and investing without traditional intermediaries.
  • P2P Trading: Direct exchange of digital assets between participants without centralized platforms or intermediaries.
  • On-chain Market Operations: Financial transactions and activities executed directly on blockchain networks, ensuring transparency and immutability.