MARKETS DAILY: Featured Story | Will the CFTC Blot Out DeFi in the U.S.?

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CoinDesk

Tech News, Business News, Daily News, News

4.7 • 698 Ratings

🗓️ 17 September 2023

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Summary

Recent actions by the agency raise impossible questions for decentralized finance platforms. Today's episode is sponsored by Kraken Pro. Today’s featured story is an opinion piece from CoinDesk’s Daniel Kuhn, titled: “Will the CFTC Blot Out DeFi in the U.S.?” - From our sponsors: Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto. It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface. Head to pro.kraken.com and trade like a pro. Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax. - This episode was hosted by Noelle Acheson. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey. This episode used Wondercraft Voice AI. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:49.9	This episode of Markets Daily is sponsored by Cracken.
1:01.1	Hello, this is Markets Daily from CoinDesk.
1:04.0	I'm Noel Atchison, here with your featured story.
1:09.7	On today's show, we're taking a look at Defi, and whether or not it can be regulated.
1:14.7	Just a reminder, CoinDisc is a new source and does not provide investment advice.
1:24.7	Today's featured story is by Daniel Kuhn titled, Will the CFTC blot out Defi in the U.S.?
1:28.3	We'll be using Wondercraft AI for this story.
1:33.7	Is Defi done for in the U.S.?
1:36.7	Last week in one fell swoop, the Commodity Futures Trading Commission, the CFTC, sued three
1:43.0	separate companies building some of the most respectable
1:45.6	decentralized finance protocols. Dairy Decks, Open, and ZeroX were all accused of illegally offering
1:52.5	financial products to U.S. persons without the proper registration. What's not clear is whether
	...

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