SEC wants to control DeFi cryptocurrency, but it will have to wait

The SEC also wants to impose itself on the DeFi world. But it will have to wait, at least for now, because even within the organization, not everyone agrees.
Is the world of decentralized finance safe from the regulator's wrath? Sorry, but it's not. According to news out of the States, the SEC, the Securities and Exchange Commission, headed by Gary Gensler, is preparing - or wants to prepare - to define the limits and possibilities of the sector, even taking advice from the public.
What exactly happened? There was an internal vote that ended 3-2 in favor of the SEC's proposal to gather additional public input on one particular possibility, namely that the agency should also include fully decentralized exchanges.
What would change for such decentralized exchanges - including the one already under the SEC's sword of Damocles? It's simple: they will be considered part of the SEC's purview and will therefore be required to follow its laws, and often its somewhat excessive behavior.

The vote has passed, the road to DeFi could be the one

It would seem that the road is paved, but with a twist. In fact, there has been some very harsh criticism from some in the industry that will eventually force the SEC to at least partially reconsider acting the way it would like. The reason for the dispute is simple: the agency, led by Gary Gensler, would like to extend its dominance to so-called decentralized exchanges as well.
And this could and should affect many other exquisite DeFi financial services, which, at least in Gary Gensler's camp, should be treated the same as classical exchanges.
And what's the harm, some will say? None, answer the most naïve. But those who have been following Gensler's work for a long time will take the hint. The goal is to extend the obligations currently imposed by centralized exchanges - not just on cryptocurrencies, but on any kind of financial security - to the DeFi world.
Those who love rules and consider them - regardless of their actual usefulness - to be the salt of civilization would be willing to raise a toast were it not for the fact that many of these rules, due to the very nature of certain DeFi mechanisms, would probably be impossible to comply with. And so the suspicion that this move is hovering in the air to try to strike a blow for the whole DeFi world exists. If we take into account what has been done by the agency itself in recent months, the suspicion eventually turns into certainty.