🛑Weekly Recap: DeFi Derivatives Crackdown

The Defiant

Weekly Recap

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.