“The anonymity of crypto assets and limited global standards create significant data gaps for regulators.”
Having to scrap the lending program "is a major blow for Coinbase as the firm tries to diversify revenue beyond its trading fees.”
“If we end up in court we may finally get the regulatory clarity the SEC refuses to provide,” Coinbase CEO Brian Armstrong says.
The theft from DeFi platform Poly Network "demonstrates that even if you can steal crypto assets, laundering them and cashing out is extremely difficult."
The SEC targets decentralized finance in alleging the founders of DeFi Money Market illegally sold more than $30 million in securities.
