The US Commodity Futures Trading Commission (DeFi) will begin developing mechanisms to control transactions in the DeFi decentralized finance market. The corresponding task has already been received by the Regulator’s Technology Committee, the CFTC press service reported.
Representatives of the blockchain industry and the expert community will take part in the consultations.
Particular attention will be paid to the security of DeFi protocols and the transparency of transactions with digital assets within the ecosystem.
In parallel, other CFTC committees will deal with cybersecurity and threats posed by artificial intelligence.
CFTC Commissioner Christy Romero said the regulator is concerned about the decentralized nature of DeFi projects. This is the main threat to the industry.
The Commodity Futures Trading Commission is calling on Congress to empower it to oversee the cryptosphere.
However, the Securities and Exchange Commission (SEC) insists that it should be in charge of regulating the blockchain industry.
