SEC Urged by Digital Chamber to Embrace Crypto’s Future, Cease Regulatory Crackdown
The Digital Chamber (TDC) has strongly criticized the U.S. Securities and Exchange Commission (SEC) for its recent enforcement actions against Consensys Software.
Particularly targeting Metamask’s decentralized exchange (DEX) routing and staking services. TDC argues that the SEC’s actions represent regulatory overreach and hinder financial innovation and inclusion.
Consensys has vehemently contested the SEC’s authority over software interfaces like Metamask, emphasizing the importance of legal clarity for the future of web3 technologies. TDC underscores the role of decentralized finance (DeFi) platforms in democratizing finance and promoting financial accessibility, urging the SEC to adopt fair regulations that support innovation and protect investors without stifling technological progress.
Clever Robot News Desk 3rd July 2024
