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Expert Analysis

DeFi Enforcement Is Growing, Despite CFTC Dissonance

By Michael Philipp and Sarah Riddell ( October 17, 2023, 3:57 PM EDT) -- The U.S. Commodity Futures Trading Commission recently settled enforcement actions against operators of three decentralized finance protocols —i.e., collections of smart contracts on blockchains that offer contracts, such as futures contracts, swaps or retail leveraged contracts, in a decentralized and open-access manner — that were found to be in violation of the Commodity Exchange Act....

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