The SEC successfully put DeFI on notice
The US securities watchdog aimed a warning shot at the burgeoning world of decentralized finance. Crypto exchange Coinbase went public this month about a tiff with the US Securities and Exchange Commission (SEC), which threatened to sue the company if it went live with a product that would let users earn 4% for lending out their digital tokens. Lend, which Coinbase ultimately canceled over the lack of regulatory clarity, would have offered customers an interest rate well in excess of a savings account in exchange for letting Coinbase use their crypto funds to make loans.
