How do SEC allegations impact the DeFi ecosystem?
Crypto analysts point out that the SEC crackdown and move against Coinbase and Binance could potentially harm the DeFi ecosystem.
Concerns have been raised about the future of decentralized finance (DeFi) in light of recent claims made by the U.S. Securities and Exchange Commission (SEC) against prominent crypto exchanges Binance and Coinbase. The allegations, which center on breaking securities laws and using unregistered exchanges, are considered a possible threat to the core values of DeFi and a potential obstacle to its expansion and innovation.