SEC Crypto Newsroom/
Base Case: Remarks at the IC3 Blockchain Camp
SEC Commissioner Hester Peirce outlined a framework for regulating crypto, emphasizing that securities laws should target centralized intermediaries rather than decentralized infrastructure or open-source code developers. She advocated for base-layer neutrality and suggested that regulators should distinguish between 'genuine DeFi' and 'on-chain CeFi' to avoid stifling innovation.
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Why It Matters
The remarks signal a potential shift in SEC philosophy toward a more nuanced, technology-aware regulatory approach that protects decentralized protocols from being treated as traditional financial intermediaries.