Gary Gensler, chairman of the U.S. Securities and Exchange Commission, says the agency can make provisions for Diffa projects, especially those that reward its users with valuable tokens. The term Defi is somewhat incorrect because these platforms "facilitate a process that is partly decentralized and another part of its aspects heavily concentrated," he continued.
Gensler also added that some of Defi's projects resemble peer-to-peer lending platforms that have been legislatured by the U.S. Stock Exchange. The U.S. official had previously called for legislation on the Defi field. He had said that Defi's space might be involved in the sale of unauthorized securities.