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News Explorer — SEC’s Hester Peirce Says Gensler’s Plan to Target DeFi Undermines First Amendment

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Apr 14, 9:37 pm
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SEC’s Hester Peirce Says Gensler’s Plan to Target DeFi Undermines First Amendment

The U.S. Securities and Exchange Commission has announced plans to revisit a rule proposed last year to change the definition of an exchange, which would include DeFi protocols. Chairman Gary Gensler has stated that investors in the crypto markets must receive the same protections as those in other markets. Commissioner Hester Peirce has criticized the plan as overly broad and said it could chill constitutionally-protected speech.

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