The US Commodity Futures Trading Commission (CFTC) Releases Report on DeFi, Citing Regulatory Concerns

The US Commodity Futures Trading Commission (CFTC) has issued a report on decentralized finance (DeFi), emphasizing the spectrum between centralization and decentralization in most DeFi systems for regulatory consideration. The report aims to guide US policy discussions and inform ongoing dialogues at the US Congress, state legislatures, and regulatory bodies. It highlights concerns over the lack of clear lines of responsibility and accountability in DeFi systems, recommending collaborative efforts between regulatory bodies and industry participants to address risks and foster a more secure DeFi landscape.. (Source: Coingape)