Regulation
DeFi vault regulation splits Aave, Kamino and Veda from Morpho: DetailsÂ
The DeFi industry is split on the best way for the U.S. SEC to regulate popular yield-generating crypto vaults. On Tuesday, the 3rd of November, Aave, Solana-based Kamino, and crypto vault infrastructure firm Veda wrote to the SEC on how vaults should be treated. The trio said, Our argument: securities regulation should follow the rights, obligations, and powers an onchain arrangement actually creates. Who owns the assets? Who promises repayment? Who exercises control? Our argument: securities regulation should follow the rights, obligations, and powers an onchain arrangement actually creates. Who owns the assets? Who promises repayment? Who exercises control? According...
AMBCrypto4 min read
