We Need Regulatory Clarity to Keep Crypto Exchanges Onshore and DeFi Permissionless
Markets Outlook
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We Need Regulatory Clarity to Keep Crypto Exchanges Onshore and DeFi Permissionless
We need regulatory clarity to keep crypto exchanges on shore, say Jack Soloway and Jennifer Schulpe. A House proposal is expected in the next two months for a bill that would clarify market structure. Centralized exchanges typically custody customer funds,. settle transactions off-chain, and have opaque transaction records. These disclosures, subject to CFTC anti-fraud authority, will allow consumers to choose the exchanges best suit their needs.
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