Opyn co-founder Ohad Koticha said that the CFTC's actions have created an "uncertain and hostile regulatory environment for DeFi." He went on to say "we believe that it is no longer possible to operate Opyn in compliance with the CFTC's current interpretation of the law." The CFTC has been increasingly scrutinizing the DeFi sector in recent months. In September, the agency charged and settled with three DeFi platforms, including Opyn, for allegedly operating as unregistered futures commission merchants (FCMs). The CFTC's actions have had a chilling effect on the DeFi sector, with many projects delaying or canceling their launches. Some DeFi projects have even been forced to shut down altogether.
LIVE
Mkt Cap $2.29T
BTC Dom 56.77 %
BTC
$64,884.00
▲ +0.90%
ETH
$1,911.87
▲ +0.50%
USDT
$0.999506
▲ +0.00%
BNB
$591.43
▼ -0.40%
USDC
$0.999714
▲ +0.00%
XRP
$1.03
▼ -0.60%
SOL
$73.88
▲ +1.60%
TRX
$0.327598
▲ +0.20%
FIGR_HELOC
$1.02
▲ +0.20%
HYPE
$54.06
▼ -3.00%
DOGE
$0.0699
▲ +0.90%
USDS
$0.999878
▲ +0.00%
RAIN
$0.012705
▲ +1.30%
LEO
$9.71
▼ -0.50%
ZEC
$506.02
▲ +0.10%
ADA
$0.200194
▼ -0.50%
XMR
$380.96
▲ +3.00%
WBT
$56.11
▲ +0.80%
LINK
$8.18
▼ -0.30%
XLM
$0.161744
▲ +0.00%
DAI
$0.999968
▲ +0.00%
BCH
$215.97
▲ +1.30%
USD1
$0.999945
▲ +0.00%
USDE
$0.999718
▲ +0.00%
GRAM
$1.35
▼ -1.30%
Mkt Cap $2.29T
BTC Dom 56.77 %
BTC
$64,884.00
▲ +0.90%
ETH
$1,911.87
▲ +0.50%
USDT
$0.999506
▲ +0.00%
BNB
$591.43
▼ -0.40%
USDC
$0.999714
▲ +0.00%
XRP
$1.03
▼ -0.60%
SOL
$73.88
▲ +1.60%
TRX
$0.327598
▲ +0.20%
FIGR_HELOC
$1.02
▲ +0.20%
HYPE
$54.06
▼ -3.00%
DOGE
$0.0699
▲ +0.90%
USDS
$0.999878
▲ +0.00%
RAIN
$0.012705
▲ +1.30%
LEO
$9.71
▼ -0.50%
ZEC
$506.02
▲ +0.10%
ADA
$0.200194
▼ -0.50%
XMR
$380.96
▲ +3.00%
WBT
$56.11
▲ +0.80%
LINK
$8.18
▼ -0.30%
XLM
$0.161744
▲ +0.00%
DAI
$0.999968
▲ +0.00%
BCH
$215.97
▲ +1.30%
USD1
$0.999945
▲ +0.00%
USDE
$0.999718
▲ +0.00%
GRAM
$1.35
▼ -1.30%
BTC
$64,884.00
▲ +0.90%
ETH
$1,911.87
▲ +0.50%
USDT
$0.999506
▲ +0.00%
BNB
$591.43
▼ -0.40%
USDC
$0.999714
▲ +0.00%
XRP
$1.03
▼ -0.60%
SOL
$73.88
▲ +1.60%
TRX
$0.327598
▲ +0.20%
FIGR_HELOC
$1.02
▲ +0.20%
HYPE
$54.06
▼ -3.00%
DOGE
$0.0699
▲ +0.90%
USDS
$0.999878
▲ +0.00%
RAIN
$0.012705
▲ +1.30%
LEO
$9.71
▼ -0.50%
ZEC
$506.02
▲ +0.10%
ADA
$0.200194
▼ -0.50%
XMR
$380.96
▲ +3.00%
WBT
$56.11
▲ +0.80%
LINK
$8.18
▼ -0.30%
XLM
$0.161744
▲ +0.00%
DAI
$0.999968
▲ +0.00%
BCH
$215.97
▲ +1.30%
USD1
$0.999945
▲ +0.00%
USDE
$0.999718
▲ +0.00%
GRAM
$1.35
▼ -1.30%
Mkt Cap $2.29T
BTC Dom 56.77 %
BTC
$64,884.00
▲ +0.90%
ETH
$1,911.87
▲ +0.50%
USDT
$0.999506
▲ +0.00%
BNB
$591.43
▼ -0.40%
USDC
$0.999714
▲ +0.00%
XRP
$1.03
▼ -0.60%
SOL
$73.88
▲ +1.60%
TRX
$0.327598
▲ +0.20%
FIGR_HELOC
$1.02
▲ +0.20%
HYPE
$54.06
▼ -3.00%
DOGE
$0.0699
▲ +0.90%
USDS
$0.999878
▲ +0.00%
RAIN
$0.012705
▲ +1.30%
LEO
$9.71
▼ -0.50%
ZEC
$506.02
▲ +0.10%
ADA
$0.200194
▼ -0.50%
XMR
$380.96
▲ +3.00%
WBT
$56.11
▲ +0.80%
LINK
$8.18
▼ -0.30%
XLM
$0.161744
▲ +0.00%
DAI
$0.999968
▲ +0.00%
BCH
$215.97
▲ +1.30%
USD1
$0.999945
▲ +0.00%
USDE
$0.999718
▲ +0.00%
GRAM
$1.35
▼ -1.30%
