Crypto regulators should leave DeFi alone, Coinbase's Brian Armstrong says
Brian Armstrong, the co-founder and CEO of crypto exchange Coinbase, called on regulators to focus on centralized entities and leave decentralized finance (DeFi) projects alone.
Regulating the crypto industry is at the top of policymakers' agendas following the collapse of FTX, a crypto exchange that filed for bankruptcy protection in November after reportedly misusing billions in client funds. U.S. prosecutors last week charged co-founder and former CEO Sam Bankman-Fried with fraud and money laundering.
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