ETH - CFTC Comes After DeFi Firms: 'Smart Contracts Don't Make Unlawful Transactions Legal' | Benzinga
The U.S. Commodity Futures Trading Commission (CFTC) has taken stringent action against three decentralized finance (DeFi) firms.
This latest development comes as the world of digital assets continues to draw attention, a focus that will also be explored in the upcoming Benzinga's Future of Digital Assets conference.
Opyn, Inc., ZeroEx, Inc., and Deridex, Inc. have all been charged by the CFTC for various violations, including the failure to register as mandated and for facilitating illicit transactions.
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These charges are connected to the firms' use of blockchain-based software protocols, commonly recognized as DeFi, which acted similarly ...