Gary Gensler's SEC tried to regulate DeFi protocols as if they were centralized securities exchanges.
In this letter to Chair Atkins' SEC, @fund_defi explains how DeFi is different and why DeFi developers and technology shouldn't be misclassified as intermediaries.
Read this 👇

We (@fund_defi) submitted a letter in response to the SEC’s RFI asking for thoughts on "exchanges" and crypto ATSs. TL;DR: don't misclassify DeFi technology and devs that aren't actually performing "exchange" functions.
We urge the Commission to:
1️⃣ Adopt a functional test for

Ayana Dow

Twitter

I. It suddenly started charging money, but you probably didn't even notice.

You might have seen pages like these:

- "Probability of Trump winning the 2024 election: 51.3%"

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- "LPL Spring Split Finals, BLG's odds of winning: 1.39"

This isn't a betting website, nor is it media commentary; it's a special entity in the Web3 world—a prediction market.

Simply put, it's a mechanism where you "vote" with real money: you believe something will...

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Bitcoin tends to outperform traditional safe haven assets like gold in the two months following major global crises, according to new analysis from Brazilian crypto exchange Mercado Bitcoin.
The study...