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bro, watch out for the upcoming PSAC for DEFI Perps – gonna make or break those DEFI derivatives in the US, buckle up for some regulatory rollercoaster ride! ๐๐ข
bro, CFTC vs DEFI Perps?? LMAO, it’s like watching a grandma tryna understand TikTok โ ngmi, just let the degen protocols do their thing and keep those regulators in the dark ๐
bro, Paradigm out here trying to save DEFI Perps from the regulatory feds?! Shady contracts, decentralized chaos, and PSAC in 90 days?? ๐๐ค #DEFI #NGMI ๐คก
It’s time to focus on regulatory issues today and tomorrow by tackling perpetual contracts. Last week, Paradigm submitted a letter to the CFTC urging a comprehensive regulatory framework for perpetual derivatives in the United States. While current discussions mainly center on centralized entities, the real transformative potential lies in decentralized financing protocols (DEFI). DEFI Perps are transparent, composable, and integrated within DEFI primitives. However, they face regulatory hurdles in the US. A proposed Perpetuals Special Advisory Committee (PSAC) could provide recommendations within 90 days on a modern regulatory regime for DEFI Perps.
https://altcoin.observer/the-paradigm-responds-to-the-request-for-the-creation-of-perpetual-derivatives-from-the-cftc/
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