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SEC's proposed rule on exchanges could threaten DeFi, says Crypto Mom

According to a Tuesday Bloomberg report, Peirce said that the 654-page proposal recently released by the SEC to amend the definition of “exchange” as defined by the Securities Exchange Act of 1934 could impact the digital asset space. The SEC commissioner reportedly opposed opening the proposal to public comment and said the text could impose additional regulations on decentralized finance, or DeFi, firms.

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Source: Cryptocurrency - investing.com

U.S. National Debt Tops $30 Trillion as Borrowing Surged

Democratic Sen. Ben Ray Lujan suffered a stroke, which could complicate Biden's Supreme Court plans