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ConsenSys Submits Letter to SEC on DeFi Rule Amendment Concerns

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Summary
Nutrition label

77% Informative

ConsenSys submitted letter to SEC urging removal of proposed rule amending DeFi exchange definition.

Company argues SEC ’s DeFi rule violates the Administrative Procedure Act and U.S. Constitution.

Proposed amendments on DeFi exchanges received substantial opposition during the 2022 comment period.

The submission comes just weeks after the launch of a dedicated website outlining its role in establishing clear crypto regulations.

VR Score

67

Informative language

61

Neutral language

56

Article tone

formal

Language

English

Language complexity

73

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

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Known propaganda techniques

not detected

Time-value

short-lived

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