Increased SEC Pressure: Lado Okhotnikov, CEO of Meta Force, Talks About the Consequences for DeFi

Lado Okhotnikov, CEO of Meta Force, announced the launch of a decentralized exchange in the Meta Force ecosystem. Already in the second half of this year, work on its launch will be completed, and users will be presented with a new tool for trading and exchanging cryptocurrencies.

In light of recent events related to regulatory actions regarding the decentralized exchange Uniswap, Lado Okhotnikov expressed his opinion on the situation. He emphasized that impunity and lack of control over the actions of the regulator by the US government contribute to such problems. Thus, when information about legal proceedings between Uniswap and the SEC appeared, the native token of the platform reacted immediately: UNI fell in price by 15%, and its capitalization decreased by almost $2 billion. Lado noted that such actions could harm the entire sector of decentralized finance.

Okhotnikov noted that the decentralized finance sector and the SEC have had a tense relationship almost from the very beginning. The persecution of Coinbase and Ripple Labs are prime examples of this. The SEC bases its charges on the so-called Howey test.

Okhotnikov believes that testing an asset for belonging to securities is an outdated tool, and that this leads to legal uncertainty. The Regulator’s claims against decentralized exchanges are based on accusations of illegal trading in securities.

An expert explains the obvious difference between a token and a share. The token, according to him, is not a security because it does not provide the owner with ownership rights to a part of the company, does not provide the opportunity to make a profit and vote at shareholder meetings.

In addition, Lado Okhotnikov expressed concerns about the SEC’s potential transition from cryptocurrencies to artificial intelligence technologies.

Following recent events surrounding OpenAI and its CEO Sam Altman, who is accused of fraud, Okhotnikov suggested that the SEC could use its influence to eliminate competitors in certain areas. He expressed concern that this could limit the development of the industry.

According to Okhotnikov, the SEC will put pressure on companies working with artificial intelligence in order to eliminate competition.

Read about this and more in the original article“The Securities and Exchange Commission accused Uniswap of violating securities trading laws – now Hayden Adams will defend himself in court”.

Аbout Meta Force

Meta Force is a metaverse created by Lado Okhotnikov for a wide range of users. The cyber community is rapidly developing and provides participants with many opportunities in the online world: in virtual reality, people play, do business, communicate and create interest groups. The platform is flexible and scalable, so users can regularly receive new, interesting products.

Based on Dan Michael’s materials

The head of Meta Force Press Center

press@meta-force.space

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