January 30, 2022
The SEC is taking an overly aggressive stance and a plainly hostile stance against crypto. These regulations are hurried, overly broad, and stifling of emerging technology which stands to benefit millions. Decentralized exchanges and DEFI cannot and should not be held to unreasonable standards and expected to KYC and perform the same functions as centralized exchanges. The SEC needs to stop blatantly attempting to protect traditional financial institutions which have failed and are failing to adapt to new technology. The SEC needs to stop over extending and stop trying to seek out new authority where none exists. These regulations must be delayed and stripped down to not be so draconian.