Summer Mersinger of the Blockchain Association testified before the House Financial Services Committee on Wednesday, advocating for regulatory differentiation between DeFi protocols and traditional financial intermediaries. Mersinger stated that DeFi systems should receive "appropriately tailored equivalent consideration by the SEC" rather than being subjected to intermediary-based compliance frameworks, to preserve their role as open, neutral infrastructure while maintaining oversight of activities presenting traditional financial risks.
The statement reflects ongoing efforts by the crypto industry to shape SEC policy around DeFi regulation. The distinction between infrastructure and intermediaries has become a focal point in broader debates over how financial regulators should approach decentralized protocols versus centralized service providers.
Sources: Blockchain Association (@fund_defi)
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