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DeFi Will End Poorly Without Investor Protections, Gary Gensler Says

U.S. Securities and Exchange Commission Chairman Gary Gensler said the decentralized finance (DeFi) industry is one of the most innovative areas in the cryptocurrency market, but it can’t evade monetary regulations. 

He was speaking at Yahoo Finance’s All Markets Summit

Gensler said it took regulators about three or five years to bring peer-to-peer systems within investor protections, and this is the process he is now seeing in DeFi

“There’s a …

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