DeFi Industry Must Tackle Lack Of Transparency, Pseudonymity: SEC Commissioner

cryptonews.com:

US Securities and Exchange Commission (SEC) Commissioner Caroline A. Crenshaw identified two specific structural problems that the decentralized finance (DeFi) industry needs to address: a lack of transparency and pseudonymity.

“I recognize it is not the SEC’s role to prevent all investment losses. It is also not my goal to restrict investor access to fair and appropriate opportunities. But it is my job to demand that investors have equal access to critical information so they can make informed decisions whether to invest and at what price. I am similarly committed to ensuring markets are fair and free from manipulation,” Crenshaw said in her latest statement.

The first problem she discusses, related to the lack of transparency, creates a