SEC to Monitor Illicit Activity on DeFi Platforms

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Agency Contracts With Blockchain Firm AnChain.AI; Experts Weigh In

SEC to Monitor Illicit Activity on DeFi Platforms
SEC Chairman Gary Gensler, who has spoken about the SEC monitoring the DeFi space (Photo: Third Way Think Tank via Flickr)

The U.S. Securities and Exchange Commission will monitor decentralized finance transactions, after contracting with the blockchain cybersecurity firm AnChain.AI, which confirmed the agreement over social media last week. Legal experts suggest this and other recent moves preview increased regulation of the decentralized finance space.

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The San Jose, California-based analytics firm – which uses investigatory and predictive analytics to track illegal activity across exchanges, DeFi projects and traditional institutions – confirmed the agreement via Twitter. The contract will…

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