Jay Clayton, who previously served as SEC chair and initiated significant lawsuits against crypto firms, is now overseeing the trial of Roman Storm. The trial highlights ongoing tensions between regulation and innovation in the cryptocurrency space.
The legal proceedings against Storm are worrying many in the crypto industry, as they could threaten the DeFi ecosystem in the U.S. And create a troubling precedent for developers, warning that a loss in this trial could jeopardize the future of decentralized finance.
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