On December 13, Citadel Securities urged the SEC to regulate DeFi protocols like financial intermediaries. This prompted a backlash from the Blockchain Association, citing that Citadel’s claims lack legal foundation and could stifle innovation in the U.S.
Currently, Bitcoin (BTC) trades at 90,270.97 USD, holding a market cap of 1.80 trillion USD. This situation reflects broader industry concerns about potential regulatory overreach impacting the DeFi landscape and market dynamics.
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