ME News reports that on November 3 (UTC+8), a Fox Business crypto journalist posted on X that industry reports reveal differing opinions among major DeFi participants regarding the extent of human control that would classify DeFi as an investment product regulated by the SEC. The discussion comes as the SEC releases guidance on decentralization, following the failure of the Clarity Act in Congress. (Source: ODAILY)
DeFi Industry Divided Over Human Control and SEC Regulation
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Summary
SEC news broke on November 3 as DeFi insiders clashed over how much human involvement could trigger regulatory action. A Fox Business report highlighted the divide, with some fearing DeFi exploit risks under new guidelines. The debate intensified as the Clarity Act remained stalled in Congress.
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