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Polygon Labs Critiques SEC Proposed Rulemaking That Threatens Permissionless Blockchain Networks (blockchain.news)

submitted 2 years ago by [email protected] to c/[email protected]

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Polygon Labs has pointed out that the new rule would be logistically unworkable, given the structure of blockchain technology. They highlight that the numerous independent validators of blockchain transactions cannot practically coordinate to register as an exchange, and these validators, by design, don't control DeFi protocols.

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