The US CFTC Advisory Committee calls for timely attention to DeFi and promotes compliance development

Odaily News The U.S. Commodity Futures Trading Commission (CFTC) Advisory Committee voted on Monday to submit a report to the committee calling for official and industry efforts to understand decentralized finance (DeFi) and promote its responsible and compliant development. . CFTC Commissioner Christy Goldsmith Romero said the report is intended to aid ongoing policy debates in the U.S. Congress, state legislatures and regulatory agencies including the CFTC. The report makes a number of recommendations, including improving understanding of DeFi, enhancing the timeliness and effectiveness of enforcement, and evaluating existing federal and state-level DeFi regulatory frameworks and identifying where regulations need to be expanded to address risks. (The Block)