Partner in Bankinfosecurity.com on SEC Move to Monitor Illicit Activity on DeFi Platforms
BCLP Partner Ashley Ebersole was quoted Aug. 30 by Bankinfosecurity.com regarding the U.S. Securities and Exchange Commission’s (SEC) move to begin monitoring decentralized finance transactions. The action comes after the SEC contracted with the blockchain cybersecurity firm AnChain.AI, which confirmed the agreement over social media last week. Legal experts suggest this and other recent moves preview increased regulation of the decentralized finance space. “Part of the SEC’s focus is always to ‘follow the money,’ and the AnChain.AI contract appears to bolster its ability to do so when DeFi platforms are involved,” said Ebersole, a former SEC attorney.
This document provides a general summary and is for information/educational purposes only. It is not intended to be comprehensive, nor does it constitute legal advice. Specific legal advice should always be sought before taking or refraining from taking any action.