Coinbase CEO Brian Armstrong questions CFTC jurisdiction over DeFi protocols
Coinbase CEO Brian Armstrong urged the U.S. Commodity Futures Trading Commission (CFTC) against “creating enforcement actions against decentralized (DeFi) protocols” because “it’s highly unlikely the Commodity Exchange Act” applies to them, according to a Sept. 14 post on X (formerly Twitter). According to Armstrong, these protocols are not “financial service businesses” and should take these...