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cryptonews 2021-09-01 09:57:15

DeFi Is Not a New Concept and Is Misnamed As Decentralized - SEC Chair

Gary Gensler. Source: a video screenshot, Youtube/Bloomberg Markets and FinanceContrary to a popular belief, decentralized finance (DeFi) is “not really a new concept,” and also a misnomer, as DeFi platforms have “a fair amount of centralization” that includes governance mechanisms, fee models, as well as incentive systems, according to Gary Gensler, Chairman of the US Securities and

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