U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has double down on his take about decentralized finances (DeFi) regulations. In a recent interview with the Wall Street Journal, Gensler referred to the term DeFi as a “misnomer” and spoke more broadly about his stand towards the sector.

Since Gensler was confirmed by the U.S. Senate as SEC Chair, the crypto industry expected the regulator to open its approach on cryptocurrencies and blockchain technology. Gensler taught a crypto-based course at MIT and seems to understand the industry.

By block head

Block Head is a blockchain journalist.