🛑Weekly Recap: DeFi Derivatives Crackdown

Happy weekend Defiers!

U.S. regulators are taking shots at DeFi, with the U.S. Commodity and Futures Commission charging three decentralized derivatives protocols maintained by Delaware-based companies. Opyn, ZeroEx, and Deridex each copped six-figure fines from the CFTC for illegally offering unregistered derivatives products to U.S. persons.

Impact Theory, a media company that raised over $30M from NFT sales two years ago, settled a lawsuit filed by the U.S. Securities and Exchange Commission SEC lawsuit last week for $6.1M. Analysts fear the SEC may have targeted Impact Theory, a non-web3-native company, to get an easy settlement establishing precedent for future enforcement actions.