Coinbase Urges SEC to Reevaluate Regulatory Changes Impacting DeFi

Tuesday, 13 August 2024, 19:22

In a recent episode of CNBC Crypto World, Coinbase representatives urged the SEC to reconsider proposed regulations that would bring decentralized finance (DeFi) under its jurisdiction. The discussion highlighted key insights from Halborn's cybersecurity report on the most significant DeFi hacks, emphasizing the need for enhanced security measures from blockchain operators. Protecting against these vulnerabilities is critical as the industry evolves and grows.

Overview of SEC's Proposed Rule Changes

Coinbase has voiced concerns regarding recent proposed changes by the SEC that aim to bring DeFi under federal oversight. This shift has potential implications for the decentralized finance ecosystem.

Key Insights from Cybersecurity Experts

In today's episode, Mar Gimenez and Piotr Cielas from Halborn shared findings from their report highlighting the top 100 DeFi hacks. They detailed methods to bolster security within blockchain operations.

Importance of Enhanced Security in DeFi

As DeFi continues to gain traction, operators must prioritize cybersecurity to mitigate risks and protect user assets.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Overview of SEC's Proposed Rule Changes

Key Insights from Cybersecurity Experts

Importance of Enhanced Security in DeFi

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