Gary Gensler: "DeFi projects may be regulated by the SEC" – Bits Media

Chairman of the United States Securities and Exchange Commission (SEC) Gary Gensler believes, that his department may well regulate decentralized finance projects (DeFi).

In an interview
to the Wall Street Journal Gensler said, what if decentralized projects offer users as a reward valuable tokens or something similar, Such activities are quite suitable for regulation of SEC. AND, The head of the commission emphasized, doesn't matter, How "decentralized" the project is.

“There is a significant group of developers, They do not just write software, but they offer various commissions and income in tokens, Project management using tokens. It turns out, There is a certain structure for promoting and sponsoring the project ", - said the chairman of SEC.

Hensler also expressed his opinion, that the term Defi "is somewhat errone". For the most part, decentralized finance projects can be called decentralized only partly. In many aspects, these are structures with extremely centralized management.

The head of the SEC noted, that some Defi projects are very similar to peering credit platforms. And such platforms are subject to regulation.

At the beginning of the month, Gary Gensler said
about the need to strengthen the control of cryptocurrencies, especially for the DeFi industry, to protect the interests of investors.