The crypto industry may want to prepare for tough oversight of digital-asset exchanges.
The crypto industry may want to prepare for tough oversight of digital-asset exchanges, including new enforcement actions against those that sell crypto tokens that are securities under federal law.
“Polinex employees in that case had kind of internally stated that they wanted Polinex to be aggressive in making available trading of new digital assets on the platform, including digital assets that might be considered securities,” Littman said. Her unit is also investigating DeFi platforms that claim to be decentralized but in fact are operated by a core group of developers. “I call them so-called DeFi, and I say that because there frequently is a centralized party behind the system,” Littman said. “And so I’m less confident in the decentralized label.”
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