US regulators filing of charges against the alleged Mango Markets exploiter is “credit positive” for decentralized finance, suggests Moody’s crypto-asset analyst.
Recent charges brought against Mango Markets exploiter Avraham Eisenberg will have a positive impact on the decentralized finance space, according to credit rating firm Moody’s.
In a Jan. 31 note from Moody’s Investor Service, AVP of decentralized finance Cristiano Ventricelli stated that enforcement actions brought by the two leading U.S. market regulators in January mean that DeFi is moving towards a “safer and more welcoming environment.” “The fact that both the SEC and CFTC took action against market manipulation by an alleged rogue trader is a credit positive for the industry as a whole.
Ventricelli stated that these actions could “improve oversight of the DeFi industry” which has for the most part been a difficult area to regulate due to the lack of clarity regarding jurisdiction over open-source protocols.
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