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Reason
Reason
Brian Doherty

The Federal Government Is Trying To Shut Down Decentralized Finance

CFTC decentralized finance United States Commission DeFi

The Commodity Futures Trading Commission (CFTC) announced yesterday it had both filed and settled charges against three "decentralized finance" operations, Opyn Inc., ZeroEx Inc., and Deridex Inc. 

In the agency's own language, the charges included "failing to register as a swap execution facility (SEF) or designated contract market (DCM), failing to register as a futures commission merchant (FCM), and failing to adopt a customer identification program as part of a Bank Secrecy Act compliance program" and "illegally offering leveraged and margined retail commodity transactions in digital assets." 

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