Gary Gensler reminded a conference on Treasury bonds about a proposed rule change that would impact DeFi, too.
The United States Securities and Exchange Commission (SEC) will continue to pursue changes to the definition of “exchange” and alternative trading systems, chairman Gary Gensler told attendees of the US Treasury Market Conference on Sept. 26.
Gensler was speaking about issues that affect the efficiency and resilience of the US Treasury bond market, but that proposal has been heavily criticized in the digital asset space.
One of the measures the SEC has taken to buttress the Treasury market was a change to the definition of a “dealer” that was meant to clarify the role of market participants such as principal-trading firms, which might use algorithmic and high-frequency trading strategies.
